Kelso & Co. backs former Cygnus partners in new company.The former owners of Cygnus Business Media Cygnus Business Media is an American magazine publisher, internet information developer, exposition management provider and custom marketing services company. It was founded in 1966 with the initial acquisition of Photo Trade News, a magazine founded in 1937 which continues to , including F. Blair Schmidt-Fellner, now based in Atlanta, Gerry Hogan hogan Dwelling of the Navajo Indians of Arizona and New Mexico. The hogan is roughly circular and constructed usually of logs, which are stepped in gradually to create a domed roof. , based in St. Petersburg (FL), and investment firm Kelso & Co. (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 ), have formed a new media company. Endurance Business Media was established to acquire existing media companies with ad revenue of at least $15 million. Speaking from Atlanta, Schmidt-Fellner said that it could be a year or more before the company makes its first acquisition. "First, we will be patient and wait for the right asset," he said, "but it looks like a good time to be buying properties." Schmidt-Fellner said the company will consider investing in business media in any market category, although he noted that he was wary of the high-tech area because of continuing ad revenue declines. Kelso, Hogan and Schmidt-Fellner formed Cygnus Business Media in late 1996 and acquired PTN PTN - Physical Transport Network Publishing (Melville, NY) in June 1997 for $97 million from PTN chairman Stanley Sills Sills , Beverly Originally Belle Silverman. Born 1929. American operatic soprano and manager who joined the New York City Opera in 1953 and was its general director from 1980 to 1989. Noun 1. , Chase Capital Partners and Golder, Thoma, Cressy and Rauner, Inc. (Chicago, IL). During the next three years, Cygnus made eight acquisitions and ten divestitures and then sold the company to CommerceConnect Media (Westport, CT) in May 2000 for $275 million. At the time, Cygnus produced 48 trade magazines, 17 custom titles and 16 annual trade shows. |
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