Articles by Tony Silber

Neal Vitale Makes Up For Lost Time

Article categorized in News |

Neal Vitale has been out of the magazine industry for nearly eight years, but earlier this month suddenly found himself as CEO of a $75 million b-to-b publishing company. With two acquisitions in the space of a week, the veteran of Cahners Publishing Co. and Petersen Publishing became chief of 1105 Media, a brand-new company based in Chatsworth, California.

New Owner of 101communications Buys Second Company

Article categorized in News |

1105 Media, the company that acquired 101communications last week, yesterday acquired Dallas-based Stevens Publishing, a seven-title publisher specializing in the health and safety markets. The sale price was not disclosed, but a knowledgable M&A source said it was about $30 million for a company whose revenue is about $20 million.

Breaking News: 101 Deal Closes

Article categorized in News |

The sale of 101communications officially closed this afternoon, two sources familiar with the deal said late Friday. In the deal, the $53 million technology-publishing Chatsworth, California, company was sold by the private-equity firm Frontenac Co., to two other equity firms, Boston-based Nautic Partners and Alta Communications.

101 Deal to Close

Article categorized in News |

The sale of 101communications has cleared review by the Federal Trade Commission under the Hart Scott Rodino Antitrust Act, thus paving the way for a final closing. According to a report Tuesday in the Dow Jones LBO Wire, 101 owner Frontenac Co. has agreed to sell the company to the private-equity firm Nautic Partners for $75 million, or 10-times EBITDA.

Pashby Leaves MPA

Article categorized in News |

Michael Pashby, the high-profile general manager of Magazine Publishers of America, is leaving MPA to seek a job at a publishing company. His last day is tomorrow, and his position will not be filled, MPA CEO Nina Link said in an e-mail message.

Done Deal for 101communications?

Article categorized in News |

Former Cahners and Petersen exec Neal Vitale said to be buyer. The buzz among b-to-b publishers at the Neal Awards luncheon today was that the long-delayed sale of 101communications is going to be announced imminently.

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