Wasserstein & Co. seeks buyer for ALM.Wasserstein & Co. (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 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. as its financial advisor to assist it in exploring various strategic alternatives for its investment in ALM (New York), including the possible sale of the company. The company said no other developments will be disclosed until a definitive transaction is approved. ALM was established in 1978 by Steven Brill Brill or Bril, Flemish painters, brothers. Mattys Brill (mä`tīs), 1550–83, went to Rome early in his career and executed frescoes for Gregory XIII in the Vatican. as American Lawyer Media ALM (formerly American Lawyer Media), is a leading integrated media company, focused on the legal and real estate communities. ALM owns and publishes 33 national and regional magazines and newspapers focused on the legal and real estate communities, including and was subsequently operated through a partnership with Time Warner until the first quarter of 1997 when Brill's share in the company was purchased by Time Warner. ALM was then sold by Time Warner to Wasserstein in July 1997 for $70 million. At the time, the company produced Counsel Connect, three national magazines, including "American Lawyer," "AmLaw Tech" and "Corporate Counsel," as well as 10 regional law newspapers including "Broward Daily Business," "New Jersey Law Journal" and "Texas Lawyer." Currently, ALM publishes 13 magazines, including the above-mentioned titles as well as "Executive Legal Advisor," "IP Magazine" and "law Firm Inc.," among others, 13 newspapers, including "The National Law Journal," "Texas Lawyer" and "New York Law Journal Founded in 1888, the New York Law Journal is the top-selling legal daily in the United States. The newspaper covers legal news, decisions, court calendars, and legislation, and provides analysis and insight in columns written by leading professionals. ," among others, and 24 newsletters, including such titles as ""Entertainment Law & Finance," "The Bankruptcy Strategist" and "Internet Law & Strategy." ALM division Law Journal Press produces scores of legal and business books while its VerdictSearch division produces 11 newsletters and related reports on verdicts throughout the country and its Conference and Trade Show and LegalTech divisions produce a series of industry seminars, trade shows, and educational programs. ALM also provides legal news and information through its Law.com legal information network and commercial real estate information through GlobeSt.com while its Research division provides business intelligence about the legal industry. Wasserstein Vice Chairman Anup Bagaria said "ALM's established ten-year track record of success, its pre-eminent market positions and the attractive environment for business information assets have combined to make this an opportune op·por·tune adj. 1. Suited or right for a particular purpose: an opportune place to make camp. 2. Occurring at a fitting or advantageous time: an opportune arrival. time to explore alternatives." Other Wasserstien investments include Hanley Wood, 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. , "The Deal" and "New York Magazine." |
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