Incisive Media
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| Industry | Business Media |
|---|---|
| Founded | 1994 |
| Founder | Tim Weller |
| Headquarters | London , England |
Key people |
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| Parent | Arc Media |
| Website | incisivemedia.com |
Incisive Media is a B2B information and events business. It is based in London, England.
History
[edit]Incisive Media is a business-to-business (B2B) information and events company founded by Tim Weller, in 1994 with the launch of Investment Week. It acquired Timothy Benn Publishing (owner of Post Magazine) in August 2000.[1] It was listed on the main market of the London Stock Exchange in December 2000 which valued the business at c. £73m. During the next six years the business completed a number of acquisitions including Matching Hat, Risk Waters, Initiative Europe (Unquote), Search Engine Strategies, Global Professional Media, Asian Venture Capital Journal and Pacific Prospect. However, as a public company it was difficult to take advantage of some of the larger consolidation opportunities that existed, so in December 2006 Tim Weller led a management buyout deal backed by Apax Partners[2] that valued Incisive Media at £275 million.[3]
Within a few months of going private, Incisive Media completed the acquisitions of MSM International and UK publishing business VNU Business Publications Ltd, formerly part of The Nielsen Company, from venture capital group 3i in 2007.[4] In August 2007 the company completed a $630m deal to acquire ALM, an American magazine publisher that was backed by Bruce Wasserstein, doubling the size of the group again and creating a company with an enterprise value of over $1bn.[3]
However, following the collapse of Lehman Brothers and the downturn in the financial services market, Incisive Media's markets came under significant pressure and the debt levels were no longer sustainable. In October 2009 Incisive Media announced the refinancing of the Group's debt.[5]
In January 2016 Incisive sold the British magazine Legal Week to the US legal business publisher ALM.[6]
In April 2022, Arc and The Channel Company acquired Incisive Media.[7]
11 September 2001 attacks
[edit]On 11 September 2001 Incisive Media―back then known as Risk Waters―was hosting a conference at Windows on the World, a restaurant located on the 106th and 107th floors of the North Tower of the World Trade Center. At 8:46 a.m. that morning, a hijacked airliner was deliberately flown into the 110-story skyscraper as part of a series of coordinated suicide terrorist attacks, crashing between the 93rd and 99th floors. With all escape routes severed by the impact from Floor 92 and above, the 81 people attending the meeting were trapped and perished either by smoke inhalation or from being incinerated in the fires. A number of Windows occupants, very likely including people from Risk Waters, fell or jumped to their deaths to escape the smoke and flames. At 10:28 a.m., the tower collapsed, killing anybody who was still alive.[8][9]
Awards
[edit]The group received five nominations for the June 2010 Association of Online Publishers awards,[10] and was voted Digital Publisher of the Year. Also it received the same award in 2013, in 2016 [11] and most recently in 2017.[12] Incisive followed this up with a win for Pensions and Benefits UK at the 2017 UK Conference awards.[13]
References
[edit]- ^ "Timothy Benn Publishing to merge with City Financial Communications". 3 August 2000.
- ^ "Incisive Media investors hope Apax bid will trigger auction". The Guardian. 22 September 2006.
- ^ a b "Incisive Media purchases US publisher ALM". The Guardian. 5 July 2007.
- ^ "Incisive to buy VNU Business Publications". Daily Telegraph. February 6, 2007.
- ^ "Incisive Media reaches agreement on refinancing of the Group Incisive press release" (Press release). 8 September 2009. Archived from the original on 10 January 2010. Retrieved 20 May 2010.
- ^ "US publisher ALM acquires Legal Week from Incisive Media – Press Gazette". www.pressgazette.co.uk.
- ^ "EagleTree Backed Companies, Arc and The Channel Company, Acquire Incisive Media". Incisive Media (Press release). 2022-04-06. Retrieved 2023-03-27.
- ^ Citizens of the World, on Time for a Meeting in Harm's Way Archived May 20, 2011, at the Wayback Machine(Positional parameters ignored), The New York Times, September 11, 2001
- ^ Field, Peter, Remembering September 11 The Day I'll Never Forget Archived April 10, 2008, at the Wayback Machine
- ^ "Nominations for AOP awards". The Guardian. 23 April 2010.
- ^ "2010 AOP Award Winners". ukaop.org.uk. Archived from the original on 2013-04-20.
- ^ "Incisive win AOP B2B silverware for a second consecutive year - Incisive Media". 29 June 2017.
- ^ "Pensions and Benefits UK takes centre stage at the 2017 Conference Awards - Incisive Media". 3 July 2017.