Summit Business Media Closes WBI Deal
Summit Business Media announced today that it closed its acquisition of Wicks Business Information, a media company serving financial and legal professionals.
Summit Business Media announced the deal in mid-June, and quickly followed up a week later with the acquisition of Agent Media. The companies earn approximately $33 million and $15 million in revenues respectively.
The Wicks deal gives Summit Business Media another four magazines and a seminar division that produces more than 100 courses every year. The products will be housed under the Highline Media unit, led by Andrew Goodenough, president of Highline. Douglas Manoni, WBI’s CEO, will leave the company following the transition.