Private Equity Groups Buy IT Publisher 101communications
A business-to-business publisher, 101 has 11 trade publications, 44 conferences and events along with their companion Web sites. The Chatsworth, CA, company was put up for sale in October.
Terms of the deal were not announced yesterday. Merrill Lynch, 101's current lender, offered financing for the deal. The Jordan, Edmiston Group Inc., New York, represented 101.
Mr. Vitale will now serve as president/CEO of 1105 Media, the new parent of 101.