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|1105 Media Inc. to Acquire Post Newsweek Tech Media|
CHATSWORTH, Calif.--(BUSINESS WIRE)--Dec. 8, 2006--1105 Media, Inc., announced today it has reached agreement with The Washington Post Company to acquire its government publishing and events group, Post Newsweek Tech Media, which includes Government Computer News (GCN), Washington Technology, Government Leader, Defense Systems, online products and the FOSE trade show. Terms of the transaction were not disclosed.
"Although 1105 Media is a new company, we have deep roots in the government community through our publication Federal Computer Week (FCW) and its associated online products and vertical conferences," said Neal Vitale, President and CEO of 1105 Media, Inc. "We believe this transaction will allow us to serve government readers and advertisers with more timely and targeted information. We deeply respect the long history of service that GCN, Washington Technology and FOSE have provided to this market, and we expect that to continue and to grow."
"We are pleased that 1105 Media will be stewards of GCN, Washington Technology, FOSE and the associated magazines and websites," said Ann McDaniel, Vice President of The Washington Post Company. "Customers, readers and advertisers will benefit from their strong commitment to the government marketplace."
This new family of products will provide the largest combined reach into the complex government marketplace, with more than 240,000 government subscribers and government channel decision makers. The combined group will be renamed the 1105 Government Information Group, and will be led by Anne Armstrong, currently publisher of 1105's FCW Media Group.
"We believe this new organization combines two powerful and experienced news and technology reporting teams. We look forward to growing our coverage and offering even more information on the quickly changing technology environment, as well as on the policy and procurement regulations that drive acquisition in the government community," said Armstrong. "We are also particularly excited about the addition of the FOSE trade show, which brings another established brand into our integrated platform and expands our range of offerings. For nearly 20 years, FOSE has kicked off the government buying season with an event that features the latest in technology and hands-on opportunities to test new solutions."
1105 Media, Inc., is a leading provider of integrated information and media in targeted business-to-business markets, including specialized sectors of the information technology community; industrial health, safety and compliance; security; environmental protection; and home healthcare. 1105's offerings span print and online magazines, journals and newsletters; seminars, conferences and trade shows; training courseware; and web-based services. 1105 Media is based in Chatsworth, CA, with offices throughout the United States; it was formed on April 7, 2006, by Nautic Partners LLC, Alta Communications and Neal Vitale, to acquire 101communications, LLC, and Stevens Publishing.
The Washington Post Company (NYSE:WPO) is a diversified media and education company whose principal operations include newspaper and magazine publishing, television broadcasting, cable television systems, electronic information services, and educational and career services. The Company owns The Washington Post; Washingtonpost.Newsweek Interactive (WPNI), the online publishing subsidiary whose flagship products include washingtonpost.com, Newsweek.com, Slate magazine and Budget Travel Online; Express; El Tiempo Latino; The Gazette and Southern Maryland newspapers; The Herald (Everett, WA); Newsweek magazine; Post-Newsweek Stations (Detroit, Houston, Miami, Orlando, San Antonio and Jacksonville); and Cable One, serving subscribers in midwestern, western and southern states. The Company also owns Kaplan, Inc., a leading international provider of educational and career services for individuals, schools and businesses. The Company has an ownership interest in the Los Angeles Times-Washington Post News Service.
CONTACT: Anne Armstrong