Folio: Wire 7.27.06
By: Marrecca Fiore and Linda Zebian
ASBPE Honors Computerworld, CSO With Magazine of the Year Award
Two titles published by Framingham, Mass.-based IDG Group swept the Magazine of the Year category at ASBPE’s National Editorial Conference awards ceremony Thursday in Chicago. IDG’s Computerworld received the Azbee for top magazine with a circulation of 80,000 and CSO brought home the award in the under 80,000-circulation category. Both magazines also won the award in 2004.
Judges commented that Computerworld was "packed with useful information with never a fluffy issue–difficult for any monthly magazine, and they do it weekly," and said CSO "takes risks with subject matter," with covers that "have attitude."
Other winners included Aquatics International’s Shabnam Mogharabi, who was honored with The 2006 Stephen Barr Award for feature writing for a series of articles she wrote on why American minority youths account for a disproportionate percentage of drowning deaths.
ASBPE’s Lifetime Achievement Award was given to Nelson Publishing’s, senior editorial advisor and columnist, Stan Modic.
Honorable mentions for Magazine of the Year were given to The Economist Group’s CFO and IDG’s CIO in the larger-circulation category, while Tech Target’s Information Security and Northstar Travel Media’s Meetings & Conventions received honorable mentions in the under 80,000-circ category.
Azbees were presented in 40 categories. Fifteen magazines brought home Gold awards for editorial accomplishment, 23 in graphics, and six in digital.
For a complete listing of winners click here.
Penton Outlines Executive Bonus Plan Conditioned on Sale
In addition to Nussbaum, Preston L. Vice and Darrel C. Denny, who also are executive officers of the company will receive bonuses. Vice, Denny and two other executives, who were not named in the document, will each receive a variable cash bonus based on the sale proceeds distributable to holders of the company’s Series C Preferred Stock and common stock as outlined in the following bonus schedule:
Sale price of less than $135,000,000: Bonus, $ 25,000
$135,000,000 or more but less than $145,000,000: $ 50,000
$145,000,000 or more but less than $185,000,000: $100,000
$185,000,000 or greater: $150,000
Fox Chapel Acquires Cambium Press
With newsstand circulation experiencing double-digit increases and subscription numbers rising, Fox Chapel’s Scroll Saw Woodworking & Crafts and Wood Carving Illustrated has sparked the growth of its book division, the company said in a statement. The purchase of Cambium Press will improve Fox Chapel’s ability to serve its readers that are engaged in more mainstream projects of woodworking, it added.
Among the Cambium back-list titles to be added to Fox Chapel’s library are the Craftsman Shop Drawings series by Robert Lang and the two-volume Woodworkers’ Essential Facts, Formulas, and Short Cuts. This fall Fox Chapel will publish Cambium’s "Modern Cabinet Work," a reprint of the 1922 classic known as the "cabinetmaker’s bible," and Shop Drawings for Greene & Greene Furniture, a new addition to the Lang series.
Conde Nast Acquires NutritionData.com
Evanta Acquired by dmg; Strategic Research Institute Acquired by ALM
"This acquisition will help us realize our initial vision of creating a global company that offers value to CIO’s of billion dollar companies all around the world," said Evanta President Bob Dethlefs. "Now, as part of a first-rate global company, Evanta will be able to offer opportunities for professional relationship building, collaboration and idea sharing on a global scale."
In another acquisition, Strategic Research Institute, a privately held conference and seminar producer headquartered in New York City, has been acquired by ALM a leading media company serving legal and business professionals. Founded in 1993, SRI produces more than 130 conferences annually, targeted primarily at C-level executives and professionals in the following sectors: finance; life sciences; natural resource development; multi-cultural marketing; technology; and general business. JEGI represented SRI in the transaction.
SRI will continue to operate from its current locations in New York City and Los Angeles, under the direction of co-founder Stuart M. Williams. The company will join ALM’s related conference businesses, including ALM Events for legal professionals and managers, Insight Information business conferences in Canada and the RealShare conference series produced by ALM’s Real Estate Media Division.
Fast Company, Inc. Magazines Moving Headquarters Downtown
Mansueto Ventures LLC, publisher of the business media brands Inc. and Fast Company, announced today that it signed a 15-year lease agreement on July 25 with Silverstein Properties Inc. for approximately 40,000 square feet of space in 7 World Trade Center, located at 250 Greenwich Street in Downtown Manhattan.
Mansueto is the first corporate tenant to locate its national headquarters in Silverstein Properties’ new skyscraper, 7 World Trade Center, which is the city’s first certified "green" commercial office building. Mansueto, which is currently located in midtown Manhattan, plans to move into 7 WTC in early 2007 and will occupy one entire floor in the building, which offers 360-degree panoramic views of New York City, the harbor and New Jersey.
"Our media brands are all about inspiring entrepreneurial passion, innovation and showcasing the vision and intellect of business leaders who think beyond the box’ to create great opportunities," said Mansueto CEO John Koten, in a statement. "Our selection of 7 World Trade Center, one of the City’s newest state-of-the-art buildings that symbolizes the leadership, pride and future prosperity of the City, reflects our company ethos to see beyond the box’ and our vision of the long term contributions that Lower Manhattan will provide to New York City and to the future growth of our company."
7 World Trade Center is New York City’s first high-rise office building to be certified by the U.S. Green Building Council’s Leadership in Energy & Environmental Design (LEED) rating system. The building’s environmental design features include state-of-the-art ultra-clear exterior glass technology, high-efficiency air filtration, energy and water conservation technologies and 15,000 square feet of open park space to provide a pleasing urban environment for tenants, neighbors and building visitors.
Meredith Corporation’s Integrated Marketing division has re-launched Figure magazine with its July/August issue. Now in its fourth year of publication, the new version of the magazine includes new design, editorial tone and departments that target the interests of plus-size women. Meredith based the new version of the magazine on reader feedback from surveys and focus groups. BJ Towe will serve as the publication’s new editor.
United Business Media Revenue Up 25%
United Business Media reports significant growth for the first half of 2006, citing a 25.1 percent increase in revenue for the January-June period. The company closed June with revenue reaching over $731 million and profit before taxes reported at $164 million, an 8.9 percent increase over the same period last year.
The growth comes during a time of a difficult trading environment, according to CEO David Levin, who credits the success to acquisitions, disposals and investment in new product development. Such deals include the July 19th purchase of Commonwealth Business Media, Inc., which UBM bought for $152 million as well as eight additional acquisitions.