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Bobit rides Bill's automotive titles

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VNU USA Inc.'s Bill Communications revealed this month 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 New York-based 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., were not disclosed.
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