PENTON MEDIA PURCHASES HILLGATE COMM AND "NUTRITION BUSINESS JOURNAL".In separate deals, Penton Media Penton Media, Inc. (OTC: PTON.OB), founded in 1892, is a diversified business-to-business media company. Penton Media is a mass media corporation that publishes and produces over 40 magazines, 80 trade shows, and 47 web sites. (Cleveland, OH) has acquired Hillgate Communications (London) and Nutrition Business International (San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. , CA). No terms for either deal were given. Hillgate Communications is a publishing company serving the Internet/broadband and information technology sectors in the U.K. and Europe. The company has maintained a licensing partnership with Penton to publish Internet World, ISP (1) See in-system programmable. (2) (Internet Service Provider) An organization that provides access to the Internet. Connection to the user is provided via dial-up, ISDN, cable, DSL and T1/T3 lines. World, Service Management and m-Commerce World magazines. Hillgate also published IT Consultant independent of Penton. All the titles are published monthly. Penton Media Europe managing director Andy Center said the acquisition "enables us to support our fast-growth, new economy events business and Web portals with a publishing leg, solidifying our objective of serving our markets with a fully integrated tripod of media offerings, in print, in person and online." Penton Technology Media president David Nussbaum said the deal is a continuation of Penton's strategy of expanding its European Internet/broadband media franchises. In the past year, Penton has acquired a controlling interest controlling interest The ownership of a quantity of outstanding corporate stock sufficient to control the actions of the firm. Controlling interest often involves ownership of significantly less than 51% of a firm's outstanding stock because many owners fail in ComMunic (Munich), Streaming Media See streaming audio, streaming video and digital media hub. Europe as part of its purchase of Streaming Media (San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden ), and launched m-Commerce World and ISP World in partnership with Hillgate. In related news, Penton has also acquired Nutrition Business International (San Diego, CA), publisher of Nutrition Business Journal (NBU NBU New Bulgarian University (Sofia, Bulgaria) NBU National Bank of Ukraine (Kiev, Ukraine) NBU North Bengal University (India) NBU New Better than Used ) and a provider of research and consulting services to the nutrition, natural products and alternative healthcare industries. The company, established in 1996, will remain in California and become a part of Penton's New Hope Natural media division (Boulder, Co). Penton said that NBU "is the world's leading provider of market data, lists and financial statistics concerning the industry." In addition to professionals in the natural products industry, the magazine also targets "executives at crossover companies such as mainstream food and pharmaceutical manufacturers, a key group for us to reach," Penton said. New Hope publishes Natural Foods Merchandiser, Natural Science News and the consumer title Delicious Living. It also produces two natural foods trade shows in the U.S. and one in Europe as well as "Nutracon," a conference for the nutraceuticals market. |
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