NU Online News Service, Sept. 7, 2004, 6:04 p.m. EDT
Highline Media L.L.C., the parent company of National Underwriter, announced today it has acquired the 114?year-old weekly Insurance Advocate magazine. Terms of the transaction were not disclosed. [@@]
The publication covers New York, the nation’s second-largest property-casualty insurance market, as well as New Jersey and Connecticut. Along with the deal, rights were acquired to:
- Insurance Advocate’s New York Financial Services Advisor, a life-health magazine.
- CRACKDOWN!, a fraud prevention magazine, with related anti-fraud conferences.
- Several insurance book titles.
Highline Media was formed in October 2003 by Spire Capital Partners L.P., and Andrew L. Goodenough, its president and chief executive officer, to acquire business-to-business information assets in the financial services, insurance and real estate fields. Highline’s first acquisition was The National Underwriter Company, for which Goodenough now serves as president and chief executive office. NUCO recently acquired a major insurance and banking data division from Thomson.
Highline’s intent has been to use Erlanger, Ky.-headquartered NUCO as a base from which to build a multi-market, multi-product publishing and information services business, including a combination of magazine, data, newsletter, conference, trade show, Web site and book assets, delivered in print, electronic and live event form.