101communications' owner looks for a buyer

摘要

Like many technology media companies, 101communcations, which publishes Federal Computer Week, was pushed to the brink of failure in 2002 after the Internet bubble burst and the terrorist attacks of Sept. 11, 2001. But now Frontenac Co., the investment firm that owns 101communications, believes the media company has recovered enough to be put up for sale. Rod Goldstein, a managing director at Frontenac, explained that the firm had held 101communications for seven years, a traditional time frame for private equity investors to hold on to a media property. "There are no crises or challenges facing the business," he said. "We are moving forward at our own pace."