Willis Stein & Partners, Chicago, signed a definitive agreement to acquire New York-based Ziff-Davis Publishing from Ziff-Davis Inc. for $780 million in cash. Willis Stein has teamed with James D. Dunning Jr., who will serve as chairman-CEO of newly formed Ziff-Davis Holdings and chairman of Ziff- Davis Publishing. Mike Perlis will continue as president-CEO of Ziff-Davis Publishing. Mr. Dunning was the executive behind the turnaround of Petersen Publishing.
Copyright December 1999, Crain Communications Inc.