ALM Acquires Real Estate Media, Leading Provider of News and Information to Commercial Real...

NEW YORK -- ALM, a leading media company serving legal and business professionals, today announced that it has acquired the assets of Real Estate Media, Inc., a leading provider of commercial real estate news and information. The transaction was completed in conjunction with the successful refinancing

Real Estate Media (REM) is recognized as a leading provider of intelligence for the commercial real estate industry, in print, in person and online. In addition to the award-winning Real Estate Forum magazine, REM publishes Real Estate Southern California, Real Estate New York and Real Estate New Jersey. The company's GlobeSt.com and GlobeSt.Retail Web sites provide up-to-the-minute coverage of breaking industry news for brokers, developers, lenders, managers, real estate lawyers, corporate executives and financiers.

Other REM online publications include GlobeSt. Week and newsletters that address specific commercial real estate segments. REM produces the RealShare conferences, a series of regional events targeted to commercial real estate professionals, in locations throughout the U.S, and acquired the California-based Real Estate Conference Group in 2004. REM is headquartered in New York City.

"The acquisition of REM, following our purchase of Canada's Insight Information, is consistent with our announced plans to extend the ALM brand to serve professionals in a variety of adjacent business sectors and geographies," said William Pollak, president & CEO of ALM. "With our new capital structure in place, ALM will continue to broaden its customer base beyond the legal community to new professional markets that share the need for timely, quality information and a highly loyal customer base. REM is an acknowledged leader in the commercial real estate sector, an area of high business activity for the legal profession, with strong overlaps in information needs."

REM will operate as an independent business unit of ALM. Jonathan A. Schein, a founder of REM's predecessor company in 1986 and president of the group since 1999, will continue to direct the unit, as president of the Real Estate Media Division of ALM.

"We're extremely pleased that REM has joined ALM's growing family of distinguished professional media and information providers," said Schein. "In addition to providing access to the critical legal marketplace, REM will gain expanded resources, as well the ability to tap into ALM's expertise in many related areas, such as conference management, online and database publishing."

Headquartered in New York City, ALM is a leading integrated media company, focused on the legal and business communities. ALM currently owns and publishes 39 national and regional magazines and newspapers, including The American Lawyer(R), Corporate Counsel(R), The National Law Journal(R) and Real Estate Forum(R). ALM's Law.com(R) is the Web's leading legal news and information network, while ALM's GlobeSt.com is the Web's leading information source for commercial real estate professionals. Other ALM businesses include book and newsletter publishing, court verdict and settlement reporting, production of professional trade shows, conferences and educational seminars, market research and content distribution. ALM was formed by U.S. Equity Partners, L.P., a private equity fund sponsored by Wasserstein & Co., LP. More information on ALM's businesses and services is available on the Web at www.alm.com.