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Individual Investor sells newsletter to Horizon Publishing.

Individual Investor Group (IIG; New York) has sold Special Situations Report newsletter to financial newsletter publisher Horizon Publishing Co. (Hammond, IN). The title was IIG's last print publication. No terms were given. IIG was represented by Jordan, Edmiston Group (New York).

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 Web site to Telescan, Inc. (Menlo Park, CA), the producer of Since the middle of last year, IIG has laid off over 90% of its staff.
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Title Annotation:Special Situations Report
Comment:Individual Investor sells newsletter to Horizon Publishing.(Special Situations Report )(Brief Article)
Publication:Business Publisher
Article Type:Brief Article
Geographic Code:1USA
Date:May 30, 2002
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