ALM, Incisive Media say all’s well in wake of split

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New York—In the wake of ALM splitting from Incisive Media and both newly reconstituted companies winding up with lenders in ownership positions because of debt-for-equity deals, leaders of both companies have emphasized that it’s business as usual.

ALM, a legal and real estate information company, announced Wednesday that it launched a new Web site for Corporate Counsel. Additionally, William Pollak, ALM’s CEO, wrote in his blog this week how ALM will miss the leadership of Tim Weller, who is now running Incisive, the publisher of Investment Week in the U.K. and which operates the Search Engine Strategies brand.

In an interview with BtoB Wednesday, Weller stressed that Incisive is a profitable company and its financial woes stemmed from simply having too much debt. With its balance sheet in order after the debt-for-equity swaps with its lenders, Weller said the company will concentrate on developing paid content and expanding in Asia, among other strategies.

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