said today that it bought
One Inc., which organizes the ISPCON trade shows and Boardwatch Magazine
in a cash and stock deal worth $29.5 million.
The buyout includes the Ispcon.com and Boardwatch.com Web sites as well.
The buyout marks further consolidation in the Web publishing business.
"The properties we are acquiring are the leading trade show, print, and Web
site resources for ISP professional and related personnel," Mecklermedia
chief executive Alan Meckler said in a statement.
ISPCON is held twice per year in the United States. Boardwatch is a
profitable monthly magazine with a paid circulation of about 25,000. Jack
Rickard, president of the acquired companies, will continue as a columnist
and as an adviser for ISPCON trade shows, according to Mecklermedia.
"Overseas we will add ISPCON shows to our portfolio beginning with an
Australian event in August 1998 and a U.K. event in October 1998," Meckler
said. "Also, we will combine the acquired Web site with our ISP position on
Mecklermedia stock closed Friday at 20-2/8, down 1/2.