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PostNewsweek Tech Media Invests in Government Sector; Discontinues Publication of Washington Techway.

WASHINGTON -- PostNewsweek Tech Media announced today that it was expanding its media investments in the government sector and discontinuing publication of Washington Techway magazine.

Chuck Lyons, chief executive officer of PostNewsweek Tech Media, which is a business unit of The Washington Post Company , said the organization will be restructured to focus exclusively on the business-to- government marketplace.

Lyons said that the organization has achieved solid financial results in 2002 in its government technology business that includes Government Computer News, a national newsmagazine for government IT buyers, Washington Technology, a national newsmagazine for federal system integrators, and FOSE, the nation's largest government information technology show.

The company has diversified in the B2G marketplace beyond the technology sector with a Professional Services Expo aimed at federal procurement managers.

"At the same time," Lyons said, "the rapid decline of the commercial technology sector nationwide and regionally made it a very tough year financially for Techway."

"We looked at the talent we had and the growth opportunities in B2G and felt it was time to shift our investment," said Lyons. "In fact, some of our Techway products and services such as the "Fast 50" and the "IT Almanac" will connect with Washington Technology as we assist technology companies in their efforts to do business with the government."

Techway was launched in January 2000, at the height of the region's technology boom, to chronicle news of the private high-tech community of Greater Washington.

In its first year, the magazine won a prestigious Jesse H. Neal Award from American Business Media for news coverage.

Publisher Clifford Chiet and Editor Lloyd Batzler will remain within the Tech Media group. Most staff members have been offered new positions with PostNewsweek or other business units of The Washington Post Company.

Chiet will become executive vice president of a new department, the Custom Media Group, that is focused on growing Tech Media's presence in the B2G sector. He will also play a major role in the company's continued expansion of FOSE and PSX.

"I believe that Techway contributed a tremendous amount in helping to grow the technology spirit in Washington," Chiet said. "I am now looking at our new Custom Media Group to create strategies that add considerably to the future income of our organization in the B2G marketplace."

Batzler will become the Internet editor for GCN and WT, responsible for the news web sites of both publications that in 2002 represented the fastest- growing line of business of the company.
 PostNewsweek Tech Media also announced the following promotions:
 * Senior Vice President of Operations Maxine Minar will become chief
 operating officer, reporting to the president of the company, David
 Greene.
 * Senior Vice President Bill Howell will become executive vice
 president of the Trade Show Group, which produces FOSE and other
 shows, including FOSE@IRMCO.
 * Associate Publisher Tom Trezza will become senior vice president and
 publisher of GCN and WT.
 * Tom Temin was promoted from vice president to senior vice president
 for editorial.
 * Alec Dann was named senior vice president for Internet Publishing.
 Please refer all questions to David Greene at 202-772-5769.


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CONTACT: David Greene of PostNewsweek Tech Media, +1-202-772-5769

Web site: http://www.gcn.com/
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Date:Oct 11, 2002
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