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BtoB

Hanley-Wood looks for buyer

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Washington, D.C. -- Hanley-Wood, publisher of Builder, Old-House Journal and other construction titles, announced it is for sale and has hired Morgan Stanley Dean Witter to find a buyer. The pending retirement of Chairman Michael Hanley prompted the decision to sell the company, which Mr. Hanley co-founded with CEO Michael Wood. Beyond its print publications, Hanley-Wood also publishes several online products, such as HBRnet, produces events such as Builder 100, and operates a custom publishing division. Roland DeSilva, managing partner of DeSilva & Phillips, a New York-based media investment banking firm, described Hanley-Wood as an attractive property. ``It's well-run, well-positioned, and the dominant company within the sectors that it services,'' he said.
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