New York—Crain Communications Inc., which publishes BtoB,
announced a strategic investment in Internet Week New York, a week-long festival celebrating Internet business and culture. Financial terms of the deal were not disclosed.
Internet Week, founded in 2008 in cooperation with the New York Mayor's Office of Media and Entertainment, features more than 250 events throughout the city, drawing close to 40,000 attendees.
Under the agreement, Crain Communications will take over the day-to-day management of Internet Week New York, working with co-founders David-Michel Davies and Neil Vogel and the existing Internet Week New York team. Crain will add new programming and content to the festival's lineup, leveraging its editorial heritage and media expertise.
“The Internet and technology have created disruption and opportunities in every area of business, including several verticals core to Crain Communications. We view this as an opportunity to build upon an incredible foundation and apply our expertise of curating and creating content and insights that define the issues and move businesses forward,” said Rance Crain, president of Crain Communications, in a statement
The next Internet Week New York will be held in May 2013.