Penton Media, Cleveland, agreed to acquire Mecklermedia Corp., Westport, Conn. Penton said it will pay $29 a share for all Mecklermedia's common stock, valuing the deal at about $274 million. Mecklermedia owns Internet World and Ispcon trade shows and conferences, Internet.com network of Web sites, as well as weekly title Internet World
and monthly Boardwatch
. The purchase furthers Penton CEO Thomas L. Kemp's goal of increasing his company's trade show revenue.
Copyright October 1998, Crain Communications Inc.