Mar 5, 2010 12:07 PM
The bankruptcy court overseeing b2b publisher Penton’s Chapter 11 filing has approved the company’s “pre-packaged” reorg plan, less than a month after it sought protection from creditors. Penton says that the court’s approval has paved the way for the publisher to emerge from bankruptcy “within days.” One advantage Penton had…
Posted In: Media & Publishing, Magazines, Money, Bankruptcy, penton media
Feb 9, 2010 9:50 AM
Penton, the trade publisher, has filed for Chapter 11 bankruptcy protection. The pre-packaged reorg, agreed by its lenders, will help it erase debt by $270 million. In addition, some existing shareholders will make a “significant new investment” in the company, which will provide additional working capital to fund operations and…
Posted In: Money, Bankruptcy, penton media
Jul 17, 2008 10:19 AM
Penton Media, one of those troubled B2B media companies, is seeing more upheaval: John French, the CEO, is resigning. He will continue to stay on Penton’s board and will work with Wasserstein and MidOcean, the two joint PE owners of the company, on new media opportunities. Wasserstein & Co. purchased…
Posted In: Industry Moves, john french, penton media
Apr 14, 2008 4:24 PM
Penton Media, the trade media company now owned by MidOcean Partners, Wasserstein & Co. and others, has done a major restructuring: firstly, it is forming an unnamed digital media division, and Prescott Shibles, who had been VP-new media for Penton and its predecessor, Prism Business Media, since 2003, heads the…
Posted In: , penton media
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