Ascend Sells Stagnito Group to BNP Media
Ascend Media today said it has closed on the sale of its Professional Services Division—17 magazines in the food, beverage and packaging spaces—to BNP Media.
The division, which is based in
Ascend Media after the divestiture is a $100 million company, Bishop said. BNP, for its part, is a large b-to-b publisher based in
The Professional Services Division consists mainly of the former Stagnito Communications, which came to Ascend as part of its acquisition of Medical World Communications acquisition in 2005. Stagnito Communications over the years has come to be closely associated with longtime chief Harry Stagnito and more recently, his family. But they will not be staying with the titles as they move to the new owner.