Yeah, yeah. B-to-B is considered so boring to many of you consumer magazine snobs out there. Still, we all have friends and colleagues at business-to-business pubs with names like Veterinarian Times and Eyeglass News. David Nussbaum, who used to be the CEO of Penton Media among other things, Penton publishes 113 magazines on subjects ranging from aviation to music education is leaving.
For those of you who are looking for ways to fund your mini-media empires, Nussbaum might be your man:
ABRY Partners LLC and Sundance Business Enterprises, a wholly owned subsidiary formed by David Nussbaum, former CEO of Penton Media, and ABRY, announced today that they plan to identify and invest in business-to-business media, services, and vertically focused online companies. These companies will include those with strong brands, high quality products and a clear path for growth. Potential targets will include integrated media companies, business services/data companies primarily focused on an emedia platform, and companies that transact critical business services over the web. ABRY Partners has committed $100 million of equity capital to this venture.
Mr. D., we’ll take our cash in large bills.