Penton Media
Encyclopedia
Penton Media, Inc., founded in 1892 by John Penton, is a diversified business-to-business
media company. Penton Media is a mass media
corporation
that publishes and produces 113 magazine
s, 96 trade shows, 145 website
s and has over six million subscribers across 17 different market segments.
Numerous corporate acquisitions, sales, and mergers have occurred over the years. Wasserstein
& Co. purchased Prism Business Media from Primedia
in August 2005 for $385 million. Prism Business Media was then merged when Wasserstein purchased Penton Media in November 2006 for $194 million. The combined entity took the Penton Media name. After the merger, Penton became one of the largest B2B
media companies in the world.
Penton's global headquarters had been in the Penton Media Building
in Downtown Cleveland
, Ohio
since 2000. However, after the Penton/Prism merger, the company is now headquartered in New York City, although it continues to maintain offices in Cleveland and numerous other cities around the U.S. with an employee base of approximately 1,350 people.
In late 2010, Penton acquired Nation's Restaurant News, adding the Restaurant Market to its list of market segments.
Penton's market segments include:
Agriculture;
Automotive and Trucking;
Business & Commercial Aviation;
Commercial Real Estate;
Design Engineering;
Digital Media and Communications;
Electronics;
Electrical Systems, Energy, and Construction;
Food;
Healthy Lifestyle;
IT & Developer;
Manufacturing & Supply Chain;
Marketing & Meetings;
Mechanical Systems;
Public Infrastructure;
Restaurant;
Wealth Management.
In early 2011, Penton sold "Mix
," "Electronic Musician
," "Radio," and "Sound & Video Contractor" magazines to NewBay Media
.
Business-to-business
Business-to-business describes commerce transactions between businesses, such as between a manufacturer and a wholesaler, or between a wholesaler and a retailer...
media company. Penton Media is a mass media
Mass media
Mass media refers collectively to all media technologies which are intended to reach a large audience via mass communication. Broadcast media transmit their information electronically and comprise of television, film and radio, movies, CDs, DVDs and some other gadgets like cameras or video consoles...
corporation
Corporation
A corporation is created under the laws of a state as a separate legal entity that has privileges and liabilities that are distinct from those of its members. There are many different forms of corporations, most of which are used to conduct business. Early corporations were established by charter...
that publishes and produces 113 magazine
Magazine
Magazines, periodicals, glossies or serials are publications, generally published on a regular schedule, containing a variety of articles. They are generally financed by advertising, by a purchase price, by pre-paid magazine subscriptions, or all three...
s, 96 trade shows, 145 website
Website
A website, also written as Web site, web site, or simply site, is a collection of related web pages containing images, videos or other digital assets. A website is hosted on at least one web server, accessible via a network such as the Internet or a private local area network through an Internet...
s and has over six million subscribers across 17 different market segments.
Numerous corporate acquisitions, sales, and mergers have occurred over the years. Wasserstein
Bruce Wasserstein
Bruce Jay Wasserstein was an American investment banker and businessman. He was a graduate of the McBurney School, University of Michigan, Harvard Business School, and Harvard Law School, and spent a year at Cambridge University...
& Co. purchased Prism Business Media from Primedia
Primedia
PRIMEDIA Inc. is privately held American media company fully owned by TPG Capital.Consumer Source Inc. is the sole operating division of PRIMEDIA and helps millions of consumers find apartments, houses for rent, and new homes for sale through its Internet, mobile, and print products...
in August 2005 for $385 million. Prism Business Media was then merged when Wasserstein purchased Penton Media in November 2006 for $194 million. The combined entity took the Penton Media name. After the merger, Penton became one of the largest B2B
Business-to-business
Business-to-business describes commerce transactions between businesses, such as between a manufacturer and a wholesaler, or between a wholesaler and a retailer...
media companies in the world.
Penton's global headquarters had been in the Penton Media Building
Penton Media Building
The Penton Media Building, formerly known as the Bond Court Building, is a commercial high-rise building in Cleveland, Ohio. The building rises 253 feet in Downtown Cleveland. It contains 21 floors, and was completed in 1972. The Penton Media Building currently stands as the 29th-tallest building...
in Downtown Cleveland
Downtown Cleveland
Downtown Cleveland is the central business district of the City of Cleveland and Northeast Ohio. Reinvestment in the area in the mid-1990s spurred a rebirth that continues to this day, with over $2 billion in residential and commercial developments slated for the area over the next few years...
, Ohio
Ohio
Ohio is a Midwestern state in the United States. The 34th largest state by area in the U.S.,it is the 7th‑most populous with over 11.5 million residents, containing several major American cities and seven metropolitan areas with populations of 500,000 or more.The state's capital is Columbus...
since 2000. However, after the Penton/Prism merger, the company is now headquartered in New York City, although it continues to maintain offices in Cleveland and numerous other cities around the U.S. with an employee base of approximately 1,350 people.
In late 2010, Penton acquired Nation's Restaurant News, adding the Restaurant Market to its list of market segments.
Penton's market segments include:
Agriculture;
Automotive and Trucking;
Business & Commercial Aviation;
Commercial Real Estate;
Design Engineering;
Digital Media and Communications;
Electronics;
Electrical Systems, Energy, and Construction;
Food;
Healthy Lifestyle;
IT & Developer;
Manufacturing & Supply Chain;
Marketing & Meetings;
Mechanical Systems;
Public Infrastructure;
Restaurant;
Wealth Management.
In early 2011, Penton sold "Mix
Mix (magazine)
Mix magazine is a periodical billing itself as "the world's leading magazine for the professional recording and sound production technology industry". The magazine is distributed in 94 countries....
," "Electronic Musician
Electronic Musician
Electronic Musician is a monthly magazine published by Penton Media featuring articles on synthesizers, music production and electronic musicians....
," "Radio," and "Sound & Video Contractor" magazines to NewBay Media
NewBay Media
NewBay Media, LLC is a magazine and website publisher founded in 2006 and headquartered in New York City.-Acquisitions:In September 2006, NewBay Media acquired CMP Entertainment Media from United Business Media which yielded Guitar Player, Bass Player, Keyboard, Pro Sound News, Systems Contractor...
.
Selected publications
- Air Transport WorldAir Transport WorldAir Transport World is a monthly trade magazine covering the airline industry published by Penton Media. They also provide an online version with daily air transport news. The publication covers airline operations, market conditions, management, and related issues...
- Broadcast Engineering
- Electronic Design MagazineElectronic Design MagazineFirst published 55 years ago, Electronic Design is the largest published print magazine for the electronic design industry published in the USA by Penton Media....
- Fire ChiefFire chiefFire Chief is a top executive rank or commanding officer in a fire department, either elected or appointed...
- IndustryweekIndustryweekIndustryWeek is an American monthly trade publication founded in 1882.-Background:IndustryWeek is a trade publication and web site owned by Penton Media. It is a business-to-business magazine brand that produces print, e-media, research and in-person products...
- Machine DesignMachine DesignMachine Design is an American trade magazine and Web site serving the OEM engineering market. Its print issues reach qualified design engineers and engineering managers twice a month....
- Nation's Restaurant NewsNation's Restaurant NewsNation's Restaurant News is an American trade publication, founded in 1967, that covers the foodservice industry, including restaurants, restaurant chains, operations, marketing, and events. It is owned by Penton Media, who purchased it from founding company Lebhar-Friedman in December 2010...
- SQL Server (magazine)SQL Server (magazine)SQL Server is a trade publication and web site owned by Penton Media serving the information needs of IT Professionals in various fields including data processing, computer related consulting and many other areas....
- Trusts & EstatesTrusts & Estates (journal)Trusts & Estates is a wealth management journal published by Penton Media. It was first published in 1904 under the direction of Christian A...
- Ward'sWard'sWard's is an organization that has covered the automotive industry for over 80 years. They are responsible for several publications including, Ward's AutoWorld, and Ward's Dealer Business.Ward's also publish the annual list of Ward's 10 Best Engines....
- Windows IT ProWindows IT ProWindows IT Pro is a trade publication and web site owned by Penton Media serving the information needs of IT professionals in various fields including data processing, software development and programming....