Information Today Acquires Streaming Media, Inc.

Posted on January 3, 2003

Information Today, Inc., a publisher and conference organizer in the information and knowledge management industries, has completed the acquisition of Streaming Media, Inc. from Penton Media, Inc. The acquisition was a stock purchase whereby ITI has acquired 100 percent of the stock of Streaming Media from Penton Media, Inc., a Cleveland-based publisher and tradeshow company. Streaming Media was purchased by Penton in 2000.

Streaming Media, Inc. produces conferences and exhibitions in the streaming media field and also hosts the StreamingMedia.com website and email newsletter. Streaming Media also publishes reports on various aspects of streaming media technology and applications. The first Streaming Media conference and exhibition was held in San Francisco in 1998, and over 10 such events have been held since then. The most recent exhibition, Streaming Media Europe, was held in early December 2002 in London.

Tom Hogan, president and CEO of Information Today, Inc., said, "Our company has been focusing on the online industry for over 2 decades. We view streaming media as the latest in a series of technologies that involve the transfer of content - in this case audio and video content - in an online modality. As broadband and wireless technologies continue to evolve in terms of quality and capacity, we believe streaming media will play an increasingly important role in the delivery of rich content. We feel fortunate to be able to add the leading events and website in the streaming media field to our growing family of products and services."

The StreamingMedia.com website, email newsletter, and other related products will be produced and directed by Adam Pemberton, publisher of Information Today's EMedia magazine and EMedia Xtra newsletter. Future Streaming Media conferences and other live events will fall under the direction of Dick Kaser, Information Today, Inc.'s Vice President, Content.