From: dsroberts@beckman.com
Newsgroups: comp.os.vms
Subject: RIP Professional Press :-)
Date: 1 Sep 92 15:15:31 PDT
Organization: Beckman Instruments

This looks like as good a place to put this as any :-).  Seems like this is the
time for a shakeout in DEC publications.  Really like Marbach's statement about
their publications being in a "growing market".  heh heh.  Anyway, following my
signature is a posting from COMPUSERVE about the buyout of Professional press.
-- 
   Don Roberts                   Internet:  don@beckman.com
   Beckman Instruments, Inc.     Phone:     714/961-3029
   2500 Harbor Bl. Mailstop X-12 FAX:       714/961-3351
   Fullerton, CA  92634          Disclaimer:  Blame me, not Beckman.
   People are as happy as they decide to be - A. Lincoln

Downloaded from CompuServe for posting on DECUServe by Bill Mayhew:

    I downloaded this from CompuServe's VAX Forum today and I think it is
    of interest to INDUSTRY_NEWS readers:

CARDINAL BUSINESS MEDIA, INC.

CARDINAL BUSINESS MEDIA ACQUIRES PROFESSIONAL PRESS, INC.

September 1,1992, Horsham, PA. Cardinal Business Media, Inc., a company
formed in April by Brentwood Associates and Robert N. Boucher, Jr. today
announced the acquisition of Professional Press, Inc. of Horsham, PA.
Professional Press, which was founded in 1979, publishes five business
publications serving the information services industry, as well as a line
of technical books for computer professionals. Terms of the transaction
were not disclosed.

The publications acquired include: DEC Professional, a monthly magazine
serving buyers and users of Digital Equipment Corporation computers and
related products and services; HP Professional, the monthly magazine of HP
enterprise computing, written for users and managers of Hewlett-Packard
computers and workstations; MIDRANGE Systems, a semi-monthly news
publication for users and buyers of AS/400, S/3X and RS/6000 IBM computers;
LAN Computing, the monthly news magazine of standards and interoperability
for managers addressing the issues of standards-based computing; and VAX
Professional, a bimonthly technical journal written for programmers and
analysts working with Digital Equipment Corporation's VAX/VMS systems. All
but VAX Professional are controlled circulation publications serving highly
defined niches in the rapidly expanding information services industry. Carl
B. Marbach, one of Professional Press' founders, will continue to be
involved with the company following the acquisition in a consulting and
advisory capacity.

"We are extremely pleased that we could make Professional Press our first
acquisition," stated Mr. Boucher, Cardinal's President and Chief Executive
Officer. "We plan to build a sizable publishing company with Professional
Press as the base, utilizing their advanced systems for circulation and
reader service fulfillment, production, electronic publishing, and
financial reporting. The fact that all of the publications are
exceptionally strong editorial products also had a great deal to do with
our interest in Professional Press."

Boucher added that Professional Press would be renamed Cardinal Business
Media shortly following the acquisition. The new company will continue to
be based in Horsham, a Philadelphia suburb.

Mr. Marbach, commenting on the transaction, noted: "The markets served by
our publications are growing and vibrant, and exciting times lie in store
for our people. I think that the combination of our strong editorial
products, coupled with Cardinal's management and financial resources, will
make these excellent properties even stronger in the future."

Cardinal Business Media was founded in April 1992, by Mr. Boucher, formerly
President and Chief Operating Officer of Miller Freeman, Inc. in New York,
and Brentwood Associates, a private investment firm headquartered in Los
Angeles. Founded in 1972, Brentwood manages approximately $500 million in
capital, and specializes in private equity investments, including leveraged
acquisitions.

For additional information, contact:

Robert N. Boucher      
Cardinal Business Media      
(215) 957-4201

Carl B. Marbach 
Professional Press Inc. 
(215) 957-1500

David H. Wong 
Brentwood Associates 
(310) 477-6611