CMP Media Completes Acquisition of The McGraw-Hill Companies' Technology Publications
Posted on June 1, 1998CMP Media Inc. has completed its previously announced $28.6 million acquisition of The McGraw-Hill Companies' technology publications -- Byte, Data Communications, LAN Times and tele.com -- and its independent technology testing lab, NSTL, which will continue to run as an independent business. The publication titles will become part of CMP's new Business Computing and Communications Group, which will also include InformationWeek, Network Computing, InternetWeek and Windows Magazine.
The company has also announced that it will suspend publication of Byte magazine for several months with a re-launch slated for this fall. Byte's archives will continue to be available at its website, which will now become part of the CMPnet network. Jeffrey L. Strief, who has been named Executive Vice President of the newly formed Business Computing and Communications Group in which Byte will reside, said, "We view Byte as the number one publication for those whose jobs depend on their knowledge of advanced technology with a particular concentration on application infrastructure."
In addition to suspending publication of Byte, CMP is folding Telepath, a monthly demographic edition of InternetWeek targeting the public network market, into tele.com. DataCommunications and tele.com will continue publishing from New York, and LAN Times will continue publishing from San Mateo, CA.