There’s been a lot of deal-making and selling in the subscription site industry recently.First, Access Intelligence has acquired four media brands from Penton serving the marketing industry: Chief Marketer, Multichannel Merchant, Direct and PROMO. All of the publications have strong print, digital and events businesses and will join Access Intelligence’s Marketing and Media Group, which includes Event Marketer, EXPO, LeadsCon, DM Confidential, min, Folio:, and PR News. Penton’s group publisher Leslie Bacon and her staff of 15 employees will join Access Intelligence.Second, Infogroup announced the sale of its OneSource division to platform company Cannondale Investments for an undisclosed amount. OneSource is a provider of business information, and was originally acquired in June 2004 for $101 million, back when the company was called infoUSA.Third, InvestCorp put SourceMedia, which publishes American Banker and The Bond Buyer, up for sale. There are competing reports on its revenue — one source saying $10 million, another saying it’s above that in the mid-teens. Investcorp acquired SourceMedia, when it was known as Thomson Media, for $350 million in 2004.Lastly, UBM, the $1.5 billion British media company has retained Credit Suisse to do a strategic review of its data services business, indicating that CEO David Levin might have his way. The data services created targeted data for the health, technology, transportation and paper industries, and sells access to the information through annual subscriptions and consulting services.
Access Intelligence Acquires 4 Properties while Infogroup, InvestCorp, UBM Put Services Up For Sale
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- Filed in Business Services, FInance, News
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