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Bobit acquires Bill's automotive titles

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VNU USA Inc.'s Bill Communications, New York, revealed Wednesday it has sold its Automotive Group to Bobit Publishing Co., Torrance, Calif. Bobit acquired Modern Tire Dealer, Auto Trim & Restyling News and Truck Accessory News magazines. The move is intended to increase Bill Communications' focus on its core vertical markets, which include the food and beverage industry. Financial terms of the deal, which was handled by investment bank Jordan Edmiston Group Inc., New York, were not disclosed.
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