Douglas Publications Inc. acquires Briefings Publishing Group from Wicks Business Info.The sale of Wicks Business Information LLC's Briefings Publishing Group, rumored for months, has now been completed with its acquisition by Douglas Douglas, city, Isle of Man Douglas, city (1991 pop. 19,950), capital of the Isle of Man, Great Britain. It is a popular resort, connected by rail to Ramsey and Port Erin, on the Irish Sea. Tourism is the chief industry. Publications Inc. Founded in 1985 by Alan Douglas This article is about the Scottish journalist Alan Douglas. For other people called "Alan Douglas" see Alan Douglas (disambiguation) Alan Douglas (born Dundee, 16 October 1951) is a journalist and former broadcaster. , its president, the Richmond, Virginia-based company produces dozens of trade magazines and business-to-business database directories, websites, e-mail and fax newsletters, audio conferences, web search engines A Web site that maintains an index and short summaries of billions of pages on the Web, Google being the world's largest. Most search engine sites are free and paid for by advertising banners, while others charge for the service. , conferences, and training tools. Terms of the transaction were not disclosed. Financing was provided by Commerce Bank N.A. and BIA BIA abbr. Bureau of Indian Affairs Digital Partners LP. DeSilva & Phillips provided strategic services in support of the transaction, and Luntz, Suleiman & Associates Inc. represented Connecticut-based Wicks Business Information. A brief history of Briefings The launch of Briefings Publishing Group's flagship newsletter, Communication Briefings, is one of the industry's more popular success stories. Begun in 1981 by four New Jersey college professors--including Don Bagin and Frank Grazian--with no newsletter background, the "monthly idea source for decision makers" grew rapidly in stature stature /sta·ture/ (stach´ur) the height or tallness of a person standing.stat´ural stat·ure n. The height of a person. stature the height of an animal in the standing position. and circulation among corporate communicators. Within four years it reached 10,000 subscribers. When the parent company, Encoders Inc. was sold to Capitol Capitol, seat of the U.S. Congress Capitol, seat of the U.S. government at Washington, D.C. It is the city's dominating monument, built on an elevated site that was chosen by George Washington in consultation with Major Pierre L'Enfant. Publications in 1994, Communication Briefings had a circulation of more than 47,000 at $69/year. Meanwhile, Pearson acquired and began selling off Capitol Publications' various divisions. In 1999, Wicks Business Information acquired Briefings reportedly for between $10 and $11 million dollars. Revenues were said to have been about $8 million at the time--with Communication Briefings' circulation at about 50,000. Its current make-up Make-up The amount of deficiency when a cash flow or capital item is deficient. For example, an interest make-up relates to the interest amount above a ceiling percentage. Briefings Publishing Group now publishes, in addition to its flagship title, nine newsletters, including Manager's Edge (12X, $147), The Competitive Advantage (12X, $149/year), Team Management Briefings (12X, $138/year), and Trend Letter (24X, $225/year). With the present acquisition, Briefings publisher William G. Dugan becomes Douglas Publications' group publisher, newsletters. He will continue to manage the company's operations in Alexandria, Virginia Alexandria is an independent city in the Commonwealth of Virginia. As of the 2000 census, the city had a total population of 128,284. Located along the Western bank of the Potomac River, Alexandria is approximately 6 miles (9.6 kilometers) south of downtown Washington, DC. . Briefings acting president Denise Elliott is no longer with the company. Douglas Publications, 2807 N. Parham Rd., #200, Richmond, VA 23294, 804-762-9600, fax 804-273-8999, www.douglaspublications.com Briefings Publishing Group, 1101 King St., #110, Alexandria, VA 22314, 703-548-3800, fax 703-684-2136, www.briefings.com |
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