Kagan World Media to Acquire Asia Cable and Satellite World Magazine

Posted on December 15, 1998

Kagan World Media, Inc. has agreed in principle to the acquisition of Asia Cable & Satellite World magazine, published in Hong Kong. The asset purchase, subject to the signing of a definitive agreement, is expected to close early in 1999. AC&SW's directories and reports are included in the sale.

The acquisition will expand the Kagan publishing platform in the Asia-Pacific region, which currently includes the Asia-Pacific Media Investor newsletter and annual reference books on terrestrial and multichannel cable and satellite systems and programming.

"Asia-Pacific will be the largest and fastest-growing media market in the world in the 21st century," said Paul Kagan, founder and chairman of KWM. "We believe the recently volatile economic conditions in the area are stabilizing and will provide a solid foundation for the future, when the term 'emerging nation' will be superseded by 'leadership economy.'"

Kagan plans to maintain executive, sales and editorial personnel in both its London office and in Hong Kong, as well as integrate editorial contributions from its California headquarters.