Highline Buys Research And Futures Magazines

Highline Media, Hoboken, N.J., a leading information provider to the financial and insurance industries, announced today it has acquired Research and Futures magazines from Adams Business Media. Terms of the transaction were not disclosed.

"Research and Futures magazines are key next steps in broadening our portfolio of magazine titles across the financial industry spectrum," said Andrew L. Goodenough, president and chief executive officer of Highline.

Mr. Goodenough said Highline has "been expanding our reach to more sectors of the financial distribution system, from our home base among insurance agents, to a broader base of financial advisors.

"In September we acquired Wealth Manager from Bloomberg, and now Research from Adams, which has a circulation list of 95,000 registered representatives in the securities industry. We now cover a significant portion of the people who sell financial products in the U.S."

Research is based in San Francisco and managed by Robert Tyndall, who stays with the title as Publisher.

Futures magazine, founded in 1972, is the oldest title serving the nation's commodities and financial futures, options and derivatives market, with 60,000 subscribers.

While commodities futures have been traded since the late 1800s, financial futures have only been in existence for 25 years, and have grown in activity, to the point where far more financial contracts are traded each year than those based on commodities.

"The oldest and most-recognized brand name in the derivatives market, Futures gives us a strong position among those who trade futures products, as well as among those who look to apply hedging strategies to manage financial risk. This is a core activity in the U.S. financial markets, and we are pleased to own the leading title serving this market," said Mr. Goodenough.

The CEO said, "We welcome Ginger Szala, the editor and publisher, and her Chicago-based team of experienced journalists and sales executives, to Highline."

Both publications now are part of Highline's Financial Magazine Division, led by Thomas A. Fowler, vice president and group publisher. Mr. Fowler was formerly head of the Investment Management Group at Thomson Media, which included such titles as Financial Planning, On Wall Street, Securities Industry News and Bank Investment Consultant.

Included in the purchase are related Web sites, the subscription services Commodity Price Charts, pricecharts.com and Trends in Futures, as well as publishing rights to Buyside magazine.

Highline is backed by private equity firm Spire Capital, and the banks Harris, Nesbit and Brown, Brothers Harriman. The seller, Adams Business Media, was advised by Berkery, Noyes and Co., LLC.