New York—NewBay Media has acquired U.K.-based Intent Media, which produces business publications, websites and events within the entertainment, technology and leisure markets. Financial terms of the deal were not disclosed.
The deal between NewBay, which was formed in 2006 by the sale of United Business Media's CMP Entertainment Media division, and Intent Media, which purchased several brands from United Business Media last year, returns several brands to single ownership.
Those properties include Installation
, Pro Sound News
and Pro Sound News Europe
, Systems Contractor News
, TV Technology
(which now incorporates TV Broadcast
) and TVB Europe
“The addition of Intent immediately enhances our ability to serve the broadcast, pro audio and AV markets,” said Steve Palm, president-CEO of NewBay, in a statement.
Stuart Dinsey, Intent Media's managing director, will continue in that role under the new ownership.
Media investment bank Jordan, Edmiston Group represented Intent Media in the transaction.