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Wednesday, December 06, 2006

Penton and David Nussbaum 

Folio: has the latest on the Prism/Penton merger here. In summary, Prism's John French will head the combined companies, and those companies will take the Penton name--which I think is a great move.

Penton CEO David Nussbaum will leave when the deal closes.

A quick note about David: I think he's done a terrific job for Penton and for its shareholders. He stands to benefit greatly, but the $5.4-$6.5 million is well-deserved. I believe that his careful leadership saved Penton, and I look forward to his next moves in b2b media.

I'm sure the private equity companies are already lining up to take meetings with him.


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