Individual Investor sells newsletter to Horizon Publishing.
The acquired newsletter, taglined "the newsletter for undiscovered stocks," is published monthly and focuses on identifying special situations, including corporate undervaluations, take-over candidates and companies with low P/E ratios. Horizon produces a range of related newsletters, including Dow Theory Forecasts, The DRIP Investor and The Pure Fundamentalist. The company also publishes investment books and reports.
IIG and its subsidiaries develop stock indexes to license to sponsors of financial products such as exchange- traded funds. Its flagship product is the "America's Fastest Growing Companies" series of indexes. In the third quarter of 2001, IIG sold Individual Investor magazine to Kiplinger's Washington Editors for $6.1 in cash and debt. The magazine was closed and its circulation list was merged with Kiplinger's Personal Finance magazine. In November, 2001, IIG sold the individualinvestor.com Web site to Telescan, Inc. (Menlo Park, CA), the producer of WallStreetCity.com. Since the middle of last year, IIG has laid off over 90% of its staff.
|Printer friendly Cite/link Email Feedback|
|Title Annotation:||Special Situations Report|
|Comment:||Individual Investor sells newsletter to Horizon Publishing.(Special Situations Report )(Brief Article)|
|Article Type:||Brief Article|
|Date:||May 30, 2002|
|Previous Article:||Farm Progress consolidates publishing assets.|
|Next Article:||Information Holdings acquires Aurigin Systems.|