FCW parent buys Post Newsweek Tech Media
1105 Media, the parent company of FCW Media Group and the owner of Federal Computer Week, announced this afternoon that it had reached an agreement with the Washington Post Co. to buy Post Newsweek Tech Media, which publishes, among other things, Government Computer News and Washington Technology. It also includes the FOSE trade show.
FCW Media Group’s name will be changed to 1105 Government Information Group and will be led by Anne Armstrong, currently publisher of FCW Media Group.
The financial terms of the deal were not released.
“Although 1105 Media is a new company, we have deep roots in the government community through our publication Federal Computer Week and its associated online products and vertical conferences,” said Neal Vitale, president and chief executive officer of 1105 Media, in a statement.
“We believe this transaction will allow us to serve government readers and advertisers with more timely and targeted information,” he said. “We deeply respect the long history of service that GCN, Washington Technology and FOSE have provided to this market, and we expect that to continue and to grow.”
“We are pleased that 1105 Media will be stewards of GCN, Washington Technology, FOSE and the associated magazines and Web sites,” said Ann McDaniel, vice president of the Washington Post Co. “Customers, readers and advertisers will benefit from their strong commitment to the government marketplace.”
“We believe this new organization combines two powerful and experienced news and technology reporting teams,” Armstrong said. “We look forward to growing our coverage and offering even more information on the quickly changing technology environment, as well as on the policy and procurement regulations that drive acquisition in the government community.”
"The acquisition of Post Newsweek Tech Media by 1105 Media is ia major change in the government marketing and information landscape," said Mark Amtower, a federal marketing consultant and founding partner of Amtower and Co. "The purchase is the most intriguing event in this market since the radical change in the multiple-awards schedule in 1994. Judging from the calls I have recevied, we may see a shift in how advertisers spend their dollars."
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