Penton snaps up Streaming Media for $65M

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New York--Penton Media Inc. has acquired San Francisco-based Streaming Media Inc. for $65 million. The buy gives Penton greatly expanded reach into the rich-media tech trade show business. Streaming Media produces four annual events; over the next year, they will be in San Jose; Long Beach, Calif.; London and Hong Kong. Streaming Media also publishes newsletters and will introduce Streaming Media Magazine in December.
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