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1105 Media to acquire PostNewsweek Tech Media.

1105 Media (Chatsworth, CA) has entered into an agreement to acquire PostNewsweek Tech Media (Washington, D.C.) from Washington Post Co. for an estimated $30-35 million. No terms were given. 1105 Media was formed in April 2006 by Alta Communications (Boston, MA), Nautic Partners (Providence, RI) and business publishing veteran and current 1105 Media president Neal Vitale with the acquisition of 101communications (Chatsworth, CA) and Stevens Publishing (Dallas, TX).

PostNewsweek Tech Media is a media company for the government community whose main revenue comes from magazines and related trade shows. The company produces "Government Computer News," a magazine published 30 times a year for a controlled circulation of 75,000 federal government managers who buy information technology products and services. "Washington Technology" is a title produced 24 times a year for a controlled circulation of 40,000 systems integrators who serve the federal government with technology and management solution products.

In 2005, PostNewsweek launched "Government Leader," a bimonthly magazine for managers who operate large divisions and programs for the federal government. In January 2006, the company began the publication of "Defense Systems," a bimonthly magazine for military and government systems leaders and decision-makers within the defense and intelligence communities. PostNewsweek also produces the annual FOSE trade show, conferences and events, and an almanac.

Vitale said that "although 1105 Media is a new company, we have deep roots in the government community" through 101communication's "Federal Computer Week" and its related e-newsletters and conferences. "We believe this transaction will allow us to serve government readers and advertisers with more timely and targeted information," Vitale added. Besides "Federal Computer Week" and related e-newsletters such as "FCW E-Government" and "FCW State & Local," 101communication's Government Technology unit also produces "Government Health IT" magazine and related e-newsletters, conferences and events.

In November, 1105 Media purchased Contingency Planning and Management Group (Lambertville, NJ) from MCG Capital (Arlington, VA).
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Publication:Business Publisher
Date:Dec 22, 2006
Words:311
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