The tech trade media company Penton Media has made a lot of progress over the last year with new CEO David Nussbaum, after a tough few years. After almost a year on the job, he can point to some modestly positive financial results as well as the fostering of a more entrepreneurial culture at the company.
In the first quarter this year, the company increased its online revenue by 19.8% from the year-earlier period. For full-year 2004, online revenue comprised 8.3% of total revenues in a company that has such products as American Machinist balanced by tech-savvy publications such as Windows IT Pro.
After several years of struggling thanks to ill-fated technology deals, including the $85 million purchase of Streaming Media in 2000, Penton seems to be moving in the right direction, observers said.
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