American Lawyer Media Names Larry I. Gelfand Publisher of The Daily Deal

Posted on May 27, 1999

American Lawyer Media, Inc. has announced that it has named Larry I. Gelfand, a former Advertising Director of The New York Times, to serve as Publisher of The Daily Deal, a new ALM publication and website scheduled to launch in September, 1999. The startup will leverage ALM's current extensive legal business reporting and will focus specifically on news and personalities related to a wide range of transactions, including mergers and acquisitions, leveraged buyouts and corporate restructurings. The Daily Deal's print and online readership is expected to comprise corporate lawyers, senior executives and financial professionals.

The Daily Deal will offer news and analysis covering the strategies that compel companies to merge, acquire and divest, as well as the tactics that bring deals to closure. The Daily Deal will incorporate both a tabloid-sized newspaper, printed five days a week, and a seven-day-a-week website. It will be produced by a staff of 55 full-time journalists, based in New York, with bureaus in Atlanta, Dallas, London, Miami, Philadelphia, San Francisco and Washington, D.C.