Penton Dumps Five Titles On NewBay; No Cuts?
B2B publisher Penton Media has agreed to sell five properties—Mix, Electronic Musician, Radio, Sound & Vision Contractor and DigitalContentProducer.com—to NewBay Media, which has been ramping up acquisitions in the media and communications space.
NewBay Media had purchased Broadcasting & Cable and Multichannel News from Reed Business Information in 2009, and made other purchases in audio/broadcast/video in ’07 and ’06, so the new purchases fit within a solid niche.
Meanwhile Penton has been selling off its non-core properties as it struggles through post-bankruptcy life: in October the company sold
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