Penton Acquires Streaming Media, Inc.

Posted on September 29, 2000

Penton Media, Inc. has announced it has completed the acquisition of Streaming Media, Inc., San Francisco, a media company serving the streaming media market. Penton Media is a business media company that produces market-focused magazines, websites, trade shows, and conferences.

Streaming Media, Inc. produces the Streaming Media East, Streaming Media West and Streaming Media Europe trade shows, the streamingmedia.com website and Streaming Media Magazine. The purchase price was $65 million, plus contingent consideration of up to $35 million based on the achievement of specified business targets in 2001.