Washington Post Company to Acquire Computer Publications From Reed Elsevier

Posted on December 16, 1997

The Washington Post Company announced it has entered into a definitive agreement to acquire several leading computer industry trade publications and two trade shows from U.S. subsidiaries of Reed Elsevier Inc.

The Post Company will merge the newly acquired properties with the assets of its TechNews Inc., subsidiary to form a new business unit: Post-Newsweek Business Information Inc.

Andrew Jacobson, currently president of TechNews Inc., will become president of the new unit. Beverly R. Keil, a vice president of The Washington Post Company, will serve as its chief executive officer.

The computer titles being purchased from Reed Elsevier include: Government Computer News, Reseller Management, and Government Computer News. The TechNews publications that will become part of Post-Newsweek Business Information Inc., are: Washington Technology, Integration Management, TechCapital, and Technology Almanac, The TechNews and Reed Elsevier publications are distributed primarily via controlled circulation