NewBay Media Acquires Three Reed Business Publications

Authored by Mark Hefflinger on December 1, 2009 - 9:39am.

New York - NewBay Media, a publisher of more than 40 publications reaching over 3 million readers, announced on Tuesday that it has acquired Reed Business Information's Broadcasting & Cable, Multichannel News, and This Week in Consumer Electronics (TWICE) publications.

Financial terms of the transaction were not disclosed.

"With this acquisition, NewBay adds significant depth and breadth to its existing portfolio of broadcast properties, including TV Technology and Television Broadcast, and consumer electronic properties, including Residential Systems," said NewBay CEO Steve Palm.

"We are pleased that our valuable brands have found a great new home with NewBay Media," said Reed Business Information-US CEO John Poulin.

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