As we reported last night, the deal for the media brands of Nielsen Business Media has closed and it has been officially announced this morning. The consortium that’s buying the brands is officially named e5 Global Media LLC, formed jointly by Pluribus Capital Management and Guggenheim Partners. The deal is scheduled to close by Dec 31. Jimmy Finkelstein of Pluribus Capital will become Chairman of e5 Global Media.
The brands acquired: The Hollywood Reporter, Billboard, Adweek, Brandweek, Mediaweek, The Clio Awards, Backstage and Film Journal International.On the expo side, it is also buying Film Expo business, which includes the ShoWest, ShowEast, Cinema Expo International and CineAsia trade shows.
Also in a hint that other pubs in its portfolio are still for sale, Nielsen Business said “it will continue to assess the strategic fit of other publications.”
Release after the break.
Pluribus Capital and Guggenheim Partners to Acquire Eight Nielsen Business Media Brands, including The Hollywood Reporter, Billboard and Adweek
NEW YORK , December 10, 2009