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BtoB

Penton posts strong quarter

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Cleveland--Penton Media Inc. announced Tuesday that second-quarter net income increased 770% from $1 million to $8.7 million. Revenues increased 38% over the same period last year, from $78.8 million to $109.1 million. The growth was driven by the first-time inclusion of magazines from the natural products and economic development sectors, which were acquired last year. Additionally, trade shows Spring Internet World and ISPCON Spring showed significant year-over-year growth.
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