Categories: OLD Media Moves

Parent of American Lawyer is being sold for $630 million

ALM, whichÂ publishes 33 regional and national magazines and newspapers, focusing on legal and real estate publications such as The American Lawyer, The New York Law Journal and Real Estate Forum, is being sold to a British company for $630 million, writes Steve McGrath of The Wall Street Journal.

McGrath wrote, “ALM, which had 2006 revenue of about $200 million, was formed in 1997 by U.S. Equity, a private equity fund sponsored by Wasserstein & Co.

“Incisive, which currently has annual revenues of about $280 million, focuses on specialist business information for financial services, risk management, professional services and marketing services.

“‘The addition of ALM’s legal and professional services assets to our portfolio will effectively double the size of Incisive Media, deepen our weighting within the desirable legal publishing space, and give our company a balanced presence between Europe and the U.S.,’ said Tim Weller, Founder and Group Chief Executive of Incisive Media, in a statement.”

Read more here.

Chris Roush

Chris Roush was the dean of the School of Communications at Quinnipiac University in Hamden, Connecticut. He was previously Walter E. Hussman Sr. Distinguished Professor in business journalism at UNC-Chapel Hill. He is a former business journalist for Bloomberg News, Businessweek, The Atlanta Journal-Constitution, The Tampa Tribune and the Sarasota Herald-Tribune. He is the author of the leading business reporting textbook "Show me the Money: Writing Business and Economics Stories for Mass Communication" and "Thinking Things Over," a biography of former Wall Street Journal editor Vermont Royster.