Penton Media, Inc. company profile and media properties
Sharon Rowlands is the CEO of Penton Media, Inc..
Penton Media is a global, diversified business-to-business media company. The company publishes over 100 specialized business magazines, produces trade show and conference events throughout the world, and provides a broad range of online media and custom marketing solutions to customers.
Penton Media is controlled by Wasserstein & Co., which purchased Penton in November 2006. The purchase price was $194.2 million plus the assumption of debt, valuing the deal at $530 million.
The "new" Penton Media includes the assets of a company briefly known as Prism Business Media, another Wasserstein company. Prism Business Media was formed in late 2005, when Wasserstein & Co. purchased Primedia Business Information from Primedia Inc..
Penton acquired New Hope Natural Media in May 1999, giving the company a leading presence in the fast-growing natural products industry. The business continues to operate under its widely-respected New Hope Natural Media brand and is based in Boulder, Colorado.
Penton bought Duke Communications International in September 2000, giving it a major presence in the information technology market. That business, with leading media brands serving the Windows and IBM operating platform market segments, operates as the Penton IT Media Group, and is based in Loveland, Colorado.
Penton's magazines have a total circulation of 3 million and about 60% of sales come from advertising. The company operates through offices in the US and the UK. Total company revenue in 2004 was $212.7 million.
Contact Information
| Web Site: | www.penton.com |
| Email: | information@penton.com |
| Telephone: | 212.204.4200 |
| Address: | 249 W. 17th Street
New York NY 10011
USA |
National Media Properties
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Comments about Penton Media, Inc.
Comments to date: 3. The most recent comments are below.| |
Mine Philippines | Posted at 1:34am on Wednesday, May 12, 2010 |
I just want to ask on where can i find the institutional price of your journals or magazine.. Its just difficult to find out.. It's not stated in then subscription.
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Media Owners editors Boulder, Colorado USA | Posted at 1:23pm on Tuesday, February 16, 2010 |
Penton Media Files For Chapter 11 Bankruptcy
New York, NY (February 10, 2010) – Penton Media, a leading business-to-business media company, announced today that the Company has filed voluntary petitions to restructure under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the Southern District of New York.
Penton also filed with the Court a “pre-packaged” plan of reorganization which incorporates the terms of a previously announced restructuring agreement between Penton and its lenders.
As previously announced, once finalized, the restructuring will result in the elimination of $270 million of the Company’s debt. In addition, certain of Penton’s existing shareholders have agreed to make a significant new investment in the Company, which will provide additional working capital to fund operations and improve Penton’s overall liquidity. The restructuring agreement also provides for an extension of the maturity on the Company’s senior secured credit facility through 2014.
The Plan has been approved by the requisite number of the Company’s lenders and is subject to approval by the Court. The Company has asked the Court to schedule a confirmation hearing in early March and is seeking to emerge from Chapter 11 within 30 to 45 days.
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Eric Kallgren Boulder, Colorado USA | Posted at 12:59pm on Tuesday, October 7, 2008 |
This is a press release from Penton Media announcing a new CEO:
SHARON ROWLANDS, FORMER THOMSON FINANCIAL CEO, NAMED CEO OF PENTON MEDIA
NEW YORK, OCTOBER 7, 2008 – Penton Media, Inc., the largest independent business-to-business media company in the U.S., today announced that Sharon Rowlands, former President and Chief Executive Officer of Thomson Financial, has been named Chief Executive Officer of Penton Media and will join the Penton Board of Directors. Ms. Rowlands succeeds John French, whose departure was previously announced.
Ms. Rowlands served as President and Chief Executive Officer of Thomson Financial, a $2 billion revenue business, from 2005 to 2008 after serving since 1996 in various senior management positions including President and Chief Operating Officer. During her tenure at Thomson Financial, she was instrumental in guiding its transformation into an integrated global financial information and technology leader. Previously, she ran the North American operation of FT Information (now Interactive Data Pricing and Reference Data), a leading provider of financial information and analytical software, and served as Managing Director of Extel Financial, an international stock database provider. She holds a Bachelor of Arts Honors degree from Newcastle University and a Post-Graduate teaching degree from the University of London's Goldsmiths College. She serves on the Board of Directors of Automatic Data Processing Inc.
“We are thrilled that Sharon has chosen to join Penton, completing our plans to assemble a best-in-class management team to move the Company forward,” said Tyler Zachem, Co-Chairman of Penton Media, Inc. “Sharon is an acknowledged leader in the media industry with unparalleled experience in transforming business information assets into leading franchises. Her proven management and operational expertise will be invaluable as we continue to evolve the Company into an even more effective competitor for both the near- and long-term.”
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