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Weekly News Digest
February 18, 2010 — 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. CLICK HERE to view more Weekly News Digest items.

Morningstar Acquires Financial Fineprint Business, Footnoted.org

Morningstar, Inc. (www.morningstar.com), a provider of independent investment research, announced it has acquired the Footnoted business of Financial Fineprint, Inc., a privately held firm based in Peekskill, N.Y. The acquisition includes the Footnoted.org website and the Footnoted Pro service. Terms were not disclosed.

Footnoted.org was founded in 2003 by Michelle Leder, author and journalist. Footnoted's research staff pores over hundreds of SEC filings a day to unearth critical information buried in the fine print, such as evidence of aggressive accounting, excessive compensation, or the type of questionable self-dealing that can indicate more serious problems at a company. The company also publishes Footnoted Pro, a service for institutional investors, such as hedge fund firms, that provides insight on actionable items and trends in filings.

Leder will continue to run Footnoted, and Morningstar will make some content from the site available on Morningstar.com, the company's investment website. In the near future, Footnoted.org will become Footnoted.com. Morningstar will also offer Footnoted Pro to its individual investor, advisor, and institutional clients.

Source: Morningstar, Inc.