Progressive Grocer, Frozen Food Age, RT Magazines And Related Assets Acquired By Bill Communications, Inc.NEW YORK--(BUSINESS WIRE)--Sept. 2, 1998--The Jordan Jordan, country, Asia Jordan, officially Hashemite Kingdom of Jordan, kingdom (2005 est. pop. 5,760,000), 35,637 sq mi (92,300 sq km), SW Asia. It borders on Israel and the West Bank in the west, on Syria in the north, on Iraq in the northeast, and on Saudi , Edmiston Group Represents Progressive Grocer Associates LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control In Its Sale To Bill Communications, Inc. The Jordan, Edmiston Group, Inc. announced today that Progressive Grocer Associates LLC (PGA (1) (Professional Graphics Adapter) An early IBM PC display standard for 3D processing with 640x480x256 resolution. It was not widely used. (2) (Programmable Gate Array) See gate array and FPGA. ) has sold its grocery and retail technology business-to-business publications to Bill Communications, Inc., a North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. subsidiary of Dutch publisher VNU VNU Volontaires des Nations Unies (French) VNU Verenigde Nederlandse Uitgeversbedrijven (Dutch) VNU Virtual Network User B.V. The Jordan, Edmiston Group served as financial advisor to PGA in the sale. The terms of transaction were not disclosed. The three business-to-business titles acquired by Bill Communications, Inc. from Progressive Grocer Associates LLC are Progressive Grocer, the 76 year old leader in reporting on the supermarket industry; Frozen Food Age, the preeminent pre·em·i·nent or pre-em·i·nent adj. Superior to or notable above all others; outstanding. See Synonyms at dominant, noted. [Middle English, from Latin prae monthly publication serving the frozen food grocery segment for 46 years; and RT magazine, the foremost publication for the growing retail systems technology field. PGA is also managing a new retail technology conference this fall with shop.org called e-retailing '98.
Progressive Grocer Frozen Food Age
(www.progressivegrocer.com)(www.frozenfoodage.com)
Year Established 1922 1952
Frequency 12 times 12 times
1997 BPA Qualified Circulation 54,019 19,367
1997 Avg. Monthly Page Views 30,000 20,000
1997 Advertising Pages 989 470
RT magazine
(www.retailtech.com)
Year Established 1996
Frequency 12 times
1997 BPA Qualified Circulation 22,832
1997 Avg. Monthly Page Views 20,000
1997 Advertising Pages 257
"This transaction satisfied several agendas," said Wilma Jordan, chief executive officer of The Jordan, Edmiston Group. "Mason Slaine, PGA's principal shareholder wanted to align align (  līn),v to move the teeth into their proper positions to conform to the line of occlusion. PGA's three titles with a new owner that would complement PGA's long history of leadership and innovation on behalf of the supermarket industry. VNU wanted to expand their global reach within the business media sector and the grocery and retail technology fields in particular." The PGA acquisition further strengthens Bill Communications' market leadership in the grocery and food-related publishing segment and follows their purchase of three international food service publications from New Jersey-based Young/Conway Publications, Inc. earlier this year. Bill Communications, Inc. is the leading business-to-business publisher and trade show producer serving the food services food services Hospital services A 24/7 department in a hospital that provides for the nutritional needs of inpatients–eg, those needing special diets, preparing meals and transporting them to the floor and, through the cafeteria, the hospital staff and , sales and marketing, meetings and conventions, promotions and incentives, and training industries. Bill Communications parent company, VNU B.V., is a diversified diversified (di·verˑ·s Netherlands-based international publishing and information company, whose operations include consumer and business publications, newspapers, directories, business information services See Information Systems. , and broadcasting and entertainment media. The Jordan, Edmiston Group, Inc. is the leading investment bank specializing in the publishing, information and new media industries. The investment bank has completed more than 25 transactions in the past 12 months with an aggregate value exceeding $500 million. For more information on The Jordan, Edmiston Group visit its Web site at www.jegi.com.
CONTACT: The Jordan, Edmiston Group, New York
Grant Draper
212-754-0710, ext. 302
or
Kratz & Company, New York
Michael Gormley
212-979-2700, ext. 257
|
|
||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion