Commonwealth Business Media Inc. (CBMI) completed its acquisition of the Journal of Commerce Group from The Economist Group, effective Nov. 16. As one part of the agreed deal, which was originally announced in August, The Economist Group has a minority non-strategic shareholding in the enlarged CBMI company, with a seat on the board, which initially will be held by Kiran Malik. The Economist Group will have no executive role.
William Ralph, publisher of Journal of Commerce Group, will report to Alan Glass, chairman, president and chief executive of CBMI.The Journal of Commerce Group is the pre-eminent supplier of information to the trade and transportation industries in the U.S. and internationally. Its activities include magazine and database publishing with associated Web sites and directories. This distinguished brand is represented by JoC Week magazine, JoC.com, the PIERS database and directories business, and Traffic World, Air Cargo World, Florida Shipper, Gulf Shipper and Shipping Digest magazines. The business will continue to have its headquarters in Newark, N.J.
Commonwealth Business Media was formed in October 2000 in a management-led buy-out of Primedia Information, Inc. It is a leading provider of information to the international trade and transportation market, as well as the performing arts and commercial credit industries.
The JoC Group consists of:
- JoC Week (a weekly magazine for North American shippers, transportation providers and intermediaries); JoC.com (a Web site with daily news updates, expert commentary and logistics tools such as electronic sailing schedules)
- PIERS (the leading international market intelligence database on the movement of goods by sea)
Traffic World and Air Cargo World (magazines covering North American surface and international air transportation respectively)
- Florida Shipper, Gulf Shipper and Shipping Digest (weekly magazines covering the maritime movement of goods around the coast of North America)
- Commonwealth Business Media publishes 15 directories in the transportation, international trade, classical music and commercial credit markets. Among its market-leading directories are:
- Pacific Shipper and Canadian Sailings (magazines containing weekly sailing schedules and substantial amounts of original editorial content targeted to maritime professionals)
- The Pocket List of Railroad Officials (a quarterly publication listing more than 18,000 buyers and sellers at nearly 2,400 companies. For over 100 years, The Pocket List has been an essential link between buyers and sellers of rail equipment and services.)
- U.S. Custom House Guide and Official Export Guide (annual publications documenting regulations, documentation and information about importing and exporting, respectively)
- The Forwarders List of Attorneys (biannual compendium of credit and collection attorneys located throughout North America)
- Musical America International Dictionary of the Performing Arts (the only directory of its kind dedicated to bringing together performers and their managers with concert presenters across all segments of the performing arts market)
In addition, Commonwealth Business Media, Inc. manages two trade shows and publishes a number of special directories for industry trade associations including:
- American Association of Port Authorities (AAPA)
- American Short Line and Regional Railroad Association (ASLRRA)
- Intermodal Association of North America (IANA)
- National Industrial Transportation League (NITL)
- Intermodal Expo.
In early September, Commonwealth Business Media signed a definitive purchase agreement to buy the Marquis Who's Who line of business from Reed Elsevier Inc. as well as selected titles of the National Register Publishing brand.
JoC Panther Stored Information
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Commonwealth Business Media completes acquisition of Journal of Commerce Group|