Penton Media Explores Strategic Alternatives

Posted on by Chief Marketer Staff

Penton Media Inc., a business-to-business media firm, has retained Credit Suisse Securities LLC to assist it in exploring strategic alternatives, including a possible sale.

According to Penton, now is an opportune time for such an investigation, as the company has improved its operation income since the 2001 recession. Penton’s board of directors has formed a special committee charged with representing the interests of the shareholders, should there be a sale.

A fair amount of the proceeds from a sale would go to paying off the company’s debt obligations, which as of March 31 amounted to around $317 million.

More

Related Posts

Chief Marketer Videos

by Chief Marketer Staff

In our latest Marketers on Fire LinkedIn Live, Anywhere Real Estate CMO Esther-Mireya Tejeda discusses consumer targeting strategies, the evolution of the CMO role and advice for aspiring C-suite marketers.



CALL FOR ENTRIES OPEN



CALL FOR ENTRIES OPEN