Penton retains advisor for possible sale; acquires engineering site.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 retained Credit Suisse The Credit Suisse Group (SWX:CSGN, NYSE: CS) is a financial services company, headquartered in Zürich, Switzerland. It is the second-largest Swiss bank, behind UBS AG. Securities LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control (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 ) as its financial advisor to assist it in exploring various strategic alternatives, including the possible sale of the company. Penton said that no further information about developments will be given unless and until its Board of Directors has approved a definitive agreement. Penton said its Board has decided to explore all its options as a way to maximize value for its shareholders. Penton ceo David Nussbaum indicated that the Board's determination that it is an opportune time to evaluate alternatives is based on a number of factors, including that management has improved operating income Operating Income The profit realized from a business' own operations. Notes: This would not include income from things such as investments in other firms. Also referred to as operating profit or recurring profit. since the industry recession on early 2001 and the Board's belief that the market is currently very attractive for b2b media assets. Penton noted that any transaction consideration otherwise available for distribution to shareholders would be reduced by, among other things, amounts necessary to repay in full the company's debt obligations, totaling approximately $317.3 million as of March 31, 2006. Penton produces 40 magazines and more than 80 trade shows and conferences, as well as print and e-mail newsletters, directories, and 47 web sites that average 13 million page views monthly. Magazine and information products are targeted to professionals in the aviation, enterprise IT, design engineering, electronics, food/retail, government/ compliance, health/natural foods, leisure/hospitality, manufacturing, mechanical systems and supply chain/logistics sectors. Notable magazine titles include "Air Transport World," Industry Week," "Medical Design," "Microwaves & RF" and "Logistics Today." Adjusted annual revenue has gone from $399.7 million in 2000 to $213.9 million in 2002 and $192.8 million in 2005. Annual net income includes losses of $104.1 million in 2001, $296.5 million in 2002, $93.1 million in 2003, $67.1 million in 2004 and $8.4 million last year. Also, Penton's Electronics OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and Group (Paramus, NJ) has acquired Web-EE.com (Boise, ID), an online entity that offers schematics, project and tutorial content, and components application notes for electronic design engineers. The site generates an average of 100,000 page views per month from 30,000 unique visitors A count of how many different people access a Web site. For example, if a user leaves and comes back to the site five times during the measurement period, that person is counted as one unique visitor, but would count as five "user sessions. . |
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