PRIMEDIA AGREES TO ACQUIRE KAGAN WORLD MEDIA.Primedia Inc. (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 ) has entered into a definitive agreement to acquire Kagan World Media Inc. (Carmel, CA; London; Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. ) and affiliated companies Affiliated Companies A situation that occurs when one company owns a minority interest (less than 50%) in another company. Also refers to companies that are related to each other in some way. Notes: An affiliated company is sometimes referred to as a subsidiary. from founder Paul Kagan and management. The purchase will be paid for in Primedia stock. No other terms were given. Acquired properties include such magazines as Kagan Euromedia, Asia Cable & Satellite World, 38 newsletters, 95 forecasting reports and 20 executive conferences. Newsletter titles for the U.S. market include Broadcast Banker/ Broker, Cable TV Advertising and Digital Television in the U.S. Newsletter titles for overseas markets include Asia Pacific Wireless, European European emanating from or pertaining to Europe. European bat lyssavirus see lyssavirus. European beech tree fagussylvaticus. European blastomycosis see cryptococcosis. Cellular and European Television. Acquired assets also include kagan.com, a media news and data Web site with "Kagan-on-Demand," a pay-per-view service that archives analysis and relevant documents, and Kagan Consulting. Primedia chairman/ceo Tom Rogers Thomas Andrew Rogers (February 12, 1892 - March 7, 1936) was a Major League Baseball pitcher from 1917 to 1921 for the St. Louis Browns, Philadelphia Athletics, and New York Yankees. said that "a major component of the agreement is that Paul (Kagan) will become vice chairman of Primedia Ventures, our venture capital investment arm. This is the type of acquisition that the 'new Primedia' will look to make in that it adds a premier brand with talented individuals, new and traditional media applicability and opportunities for revenue growth." Rogers also noted that "the broadband broadband Term describing the radiation from a source that produces a broad, continuous spectrum of frequencies (contrasted with a laser, which produces a single frequency or very narrow range of frequencies). cable and satellite industries have become global industries and having the European and Asian counterparts of our U.S.-based Cable World provides excellent international expansion opportunities for Primedia." |
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