Ziff-Davis goes public; filings show high debt resulted in a net loss

Article Abstract:

Ziff-Davis is incurring losses despite the strong performance of its combined publishing and trade show operations. Its filings for an initial public offering on Apr 29, 1998 show that the net loss since 1996 is due to high debt costs. While the company posted operating profits in 1997 of $50 million on revenue of $866.2 million in its publishing unit, and gained $59 million on revenue of $287.5 million from its trade shows, its debt service costs have led to a net loss of $71.2 million as operating income failed to offset interest expense.

Ziff-Davis Publishing Co., Trade show management services, Trade show management firms

---

Softbank folding U.S. trade shows into new ZD Comdex & Forums

Article Abstract:

Softbank Corp has embarked on a corporate reorganization which involves putting the management of Comdex/Fall under the control of Ziff Davis. Thus, the Comdex show scheduled on Nov 17, 1997 and projected to attract over 200,000 attendees in Las Vegas, NV, will be renamed ZD Comdex. The new development is attributable to Softbank's strategy of turning its two US computer trade show units, namely, Softbank Forums and Softbank Comdex, into the new ZD Comdex and Forums, which fall under the Ziff-Davis umbrella.

Management, Softbank Corp., Convention services, Convention service firms, ZD Comdex and Forums

---

Penton joins growing list of business press publishers going public

Article Abstract:

Business press publisher Penton Media has gone public and joined the New York Stock Exchange in a move driven by a spinoff from parent company PittWay Corp. Its spinoff from Pittway will allow it to make strategic acquisitions to boost its strength in its market segments. The move is also designed to focus on the company's information services and media properties including trade shows, online services and custom publishing.

Pittway Corp., PRY, Penton Media

Similar abstracts:

• Abstracts: Argois goes shpping for a new image. Duty calls for BAA. Allders: sky shops sale riddle
• Abstracts: Analytical Valan shoots for the stars. Steiner taps sectionalization. Crow seeks effective media mix
• Abstracts: What is on offer. A friend in sickness. Ways to buy your way out of trouble
• Abstracts: Grappling with metaphysics in company accounts. Making sense of cash flow and capital spending. Bringing goodwill to account
• Abstracts: Chairman to MD: 'Do I know you?'(United Kingdom corporate government and boards of companies carrying out stock flotations)

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.