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Weekly News Digest

September 3, 2001 — In addition to this week's NewsBreaks article and the monthly NewsLink Spotlight, Information Today, Inc. (ITI) offers Weekly News Digests that feature recent product news and company announcements. Watch for additional coverage to appear in the next print issue of Information Today. For other up-to-the-minute news, check out ITI’s Twitter account: @ITINewsBreaks.

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Commonwealth Business Media to Buy Marquis Who’s Who and National Register Titles from Reed Elsevier

Commonwealth Business Media, Inc. (http://cbizmedia.com) announced that it has signed a definitive purchase agreement with Reed Elsevier, Inc. (http://www.reed-elsevier.com) to buy the Marquis Who's Who line (http://www.marquiswhoswho.com) of business as well as selected titles of the National Register Publishing brand (http://www.nationalregisterpub.com), including The Official Catholic Directory and The Official Museum Directory. The acquisition is expected to close early next month. Terms of the agreement were not disclosed. This follows closely the sale of the R.R. Bowker properties by Reed Elsevier to CSA and Information Today, Inc. (see the August 24 NewsBreak at http://newsbreaks.infotoday.com/nbreader.asp?ArticleID=17524).

Commonwealth Business Media was formed last October in a management-led buyout of Primedia Information, Inc. It is a provider of information to the international trade and transportation market, as well as the performing arts and commercial credit industries. On August 20, the company also announced that it had purchased the assets of The Journal of Commerce Group from The Economist.

Alan Glass, Commonwealth's chairman, president, and CEO, said: "This is a great acquisition for Commonwealth as it further diversifies our product line into more subscription-based businesses as well as giving us a foothold in the reference market. The Marquis Who's Who brand is the most highly respected source of biographical data worldwide."

Source: Commonwealth Business Media, Inc.



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