Economist Group sells J. of Commerce Group to Commonwealth Bus. Media.The Economist Group (London) has signed an agreement to sell the assets of the Journal of Commerce Group (Newark, NJ) to Commonwealth Business Media (CBM CBM Commodore Business Machines CBM Coalbed Methane CBM Christoffel Blindenmission CBM Condition Based Maintenance CBM Confidence-Building Measures CBM Curriculum Based Measurement (education) CBM Cubic Meter ; New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of ). Terms of the deal, expected to close by the end of September, were not given. The Economist Group was represented by Jordan, Edmiston Group (New York). The Journal of Commerce Group is a provider of information to the trade and transportation industries in the U.S. and overseas. Its assets include magazine, directory, database and online publishing outlets, including: JoC Week, a weekly magazine for North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. shippers and transportation providers; PIERS, an international market intelligence database on the movement of goods by sea; joc.com, a Web site with daily news updates and schedules; and, Traffic World, Cargo World, Florida Shipper SHIPPER. One who ships or puts goods on board of a vessel, to be carried to another place during her voyage. In general, the shipper is bound to pay for the hire of the vessel, or the freight of the goods. 1 Bouv. Inst. n. 1030. , Gulf Shipper and Shipping Digest magazines. The Journal of Commerce Group was acquired by The Economist Group from Knight-Ridder in 1995 for $115 million. Commonwealth Business Media was formed last October in a management-led buy-out buy·out also buy-out n. 1. The purchase of the entire holdings or interests of an owner or investor. 2. The purchase of a company or business: of Primedia Information, Inc. The company publishes 15 directories for the transportation, international trade and various other markets. Directory titles include "Pacific Shipper," "Canadian Sailings," "Pocket List of Railroad railroad or railway, form of transportation most commonly consisting of steel rails, called tracks, on which freight cars, passenger cars, and other rolling stock are drawn by one locomotive or more. Officials" and "The Forwarders List of Attorneys." Commonwealth also manages two trade shows and publishes a number of special directories for industry trade associations. CBM president/ceo Alan Glass said that JoC "fits perfectly with our strategy of being a global leader in the trade and transportation markets. The complement with "Pacific Shipper" and "Canadian Sailings" is ideal and with the acquisition of the PIERS business, we will move much faster towards providing database solutions to the market as well." |
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