New owners hope to save Electronic News - IDG sells magazine to International Publishing Corp - Brief Article

Folio: The Magazine for Magazine Management, Oct 1, 1993

Electronic News, a 26,000 paid-circulation weekly, was sold by IDG to a new company called International Publishing Corp., headed by president Zachary Dicker, a former EN publisher under the Fairchild unit of Capital Cities/ABC. The cash sale price was believed to be just under $1 million, plus assumption of subscription liabilities.

EN's total revenues today are just under $3 million a year. At its peak in the mid-1980s, EN had a paid circulation of more than 70,000 and revenues of nearly $30 million a year. Richard Bambrick, who was publisher/president, will be executive vice president/associate publisher under the new owners. Charles Benz, president of Hudson, Massachusetts-based Identification Systems, is the new chairman of Electronic News.