ALM Real Estate Media Incisive Media
"We expect the deal to close within the next two months," said ALM president and CEO William Pollak in a statement to employees, "although no date has yet been set." In addition to the Real Estate Media properties, which includes GlobeSt.com and Real Estate Forum Magazine, ALM owns and publishes a range of national and regional magazines and newspapers, including The American Lawyer, Corporate Counsel and The National Law Journal. REM also publishes Real Estate Southern California, Real Estate New York, Real Estate New Jersey, GlobeSt/RETAIL and seven targeted newsletters. The division also produces the RealShare Conference Series.
"We chose to view this as not just a sale from one owner to another, but as an opportunity to find a new partner who could help ALM achieve its growth plans and become a global provider of leading legal and real estate publications and websites, and a significant player in the global conference and event business," Pollak said.
Incisive Media is focused on four key markets: risk management and financial, professional and marketing services. Its line-up of publications includes Investment Week, Post Magazine, Risk, Search Engine Strategies, Accountancy Age and Legal Week.
"At this stage, we do not anticipate major changes in how ALM conducts its business," Pollak explained. "Our commitment to providing journalism and other content of the highest quality to our readers, website users and conference attendees, as well as our focus on the needs of our customers and the communities we serve, will remain unchanged."
Tim Weller, founder and group chief executive of Incisive Media, says, "The acquisition of ALM will advance Incisive Media substantially toward our strategic goal of creating a leading global business-to-business media company."
Credit Suisse is the exclusive financial advisor to Wasserstein & Co. Skadden, Arps, Slate, Meagher & Flom LLP is Wasserstein's legal advisor. Incisive Media is advised by Greenhill and Co., Simpson Thacher & Bartlett LLP and PricewaterhouseCoopers. The Royal Bank of Scotland underwrote financing for the deal.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
