Harte-Hanks to Purchase ZD Market Intelligence

Media giant ZD Market Intelligence to San Antonio-based publishing mogul Harte-Hanks for $101 million. The sale, expected to close in 45 days, also includes another $5 million in revenue obligations.

ZD Market Intelligence, formerly known as Computer Intelligence, is an Internet-based service that compiles and offers background information, operations details and other areas related to technology companies and purchases. Harte-Hanks estimates the company will generate revenue of $50 million in 1999.

ZD reported last May that several companies were interested in purchasing Market Intelligence, and had engaged Morgan Stanley Dean Witter to help them with the sale. In fact, Morgan Stanley also has been retained by ZD to help them explore selling opportunities, and along the way, ZD's majority shareholder, Softbank Corp. decided to focus on companies that operate solely on the Internet.

Although ZD has a huge Internet presence, its primary focus is in print publishing with titles including PC Magazine, PC Week and Yahoo! Internet Life.

You may like these other stories...

How are you planning? What tools do you use (or fail to use) for forecasting? PlanGuru is a business budgeting, forecasting, and performance review software company based in White Plains, N.Y. AccountingWEB recently spoke...
Event Date: October 30, 2014, 2 pm ETMany Excel users have a love-hate relationship with workbook links. For the uninitiated, workbook links allow you to connect one Microsoft Excel spreadsheet to other spreadsheets, Word...
Event Date: September 9, 2014, 2:00 pm ETIn this session we'll discuss the types of technologies and their uses in a small accounting firm office. Included will be:The networked office: connecting everything together for...

Already a member? log in here.

Upcoming CPE Webinars

Aug 21
Meet budgets and client expectations using project management skills geared toward the unique challenges faced by CPAs. Kristen Rampe will share how knowing the keys to structuring and executing a successful project can make the difference between success and repeated failures.
Aug 26
This webcast will include discussions of recently issued, commonly-applicable Accounting Standards Updates for non-public, non-governmental entities.
Aug 28
Excel spreadsheets are often akin to the American Wild West, where users can input anything they want into any worksheet cell. Excel's Data Validation feature allows you to restrict user inputs to selected choices, but there are many nuances to the feature that often trip users up.
Sep 9
In this session we'll discuss the types of technologies and their uses in a small accounting firm office.