WICKS BUSINESS INFO BUYS DOW JONES FINANCIAL PUBLISHING.Also a part of its program to divest To deprive or take away. Divest is usually used in reference to the relinquishment of authority, power, property, or title. If, for example, an individual is disinherited, he or she is divested of the right to inherit money. non-core assets, Dow Jones Dow Jones the best known of several U.S. indexes of movements in price on Wall Street. [Am. Hist.: Payton, 202] See : Finance has finalized See finalization. the sale of Dow Jones Financial Publishing (DJFP; Shrewsbury, NJ) to Wicks Business Information (Fairfield, CT). No terms of the deal were given. The acquired assets include Investor Advisor, a magazine targeted to financial planning Financial planning Evaluating the investing and financing options available to a firm. Planning includes attempting to make optimal decisions, projecting the consequences of these decisions for the firm in the form of a financial plan, and then comparing future performance against professionals who advise wealthy individuals, Asset Management, a magazine targeted to financial investors and professional investment managers, and Property magazine and Realty Stock Newsletter, targeted to professionals in the real estate investment trusts and commercial real estate markets. Wicks said that Asset Management will cease stand-alone publication and will become a regular supplement to Investment Advisor Investment Advisor 1. A person making investment recommendations in return for a flat fee or percentage of assets managed, known as a commission. 2. For mutual fund companies, it is the individual who has the day-to-day responsibility of investing and monitoring the cash and . The assets have reported annual revenue of $10 million. Wicks said the properties will be named the Investment Advisor Group and will function as an operating unit operating unit A type of operating company that engages in transactions with outsiders and that is owned by another business. For example, in 1995 the stockholders of Capital Cities/ABC approved a $19 billion merger with the Walt Disney Company, whereupon of Wicks' Financial Information division. Wicks president/ceo Douglas Manoni said "there are numerous market opportunities that surround the core business and we are eager to move forward on several planned initiatives." The deal gives Wicks "a solid platform in the financial market," Manoni said. Established early last year, Wicks Business has since purchased Briefings Publishing Group, a producer of newsletters and related information products, and Treasury & Risk Management magazine. Both properties were acquired from Pearson. |
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