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Red Herring to sell company

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CIOL Bureau
New Update

NEW YORK: Red Herring Communications Inc. is shopping itself to rival

publishers, as the market for technology-focused magazines wanes, the Wall

Street Journal
reported in its online edition on Monday.

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Citing people familiar with the situation, the paper said the company, which

owns Red Herring magazine, a Web site, a conference business and a research

unit, has in the past few weeks approached both AOL Time Warner Inc.'s Time Inc.

and closely-held Ziff Davis Media Inc.

Neither Time nor Ziff Davis are interested in pursuing a deal, the paper

said. Representative for Time and Ziff Davis declined to comment, the paper

said.

It's unclear if Red Herring wants to sell just the magazine or the entire

company, or if any deal will be completed, the report said. This wouldn't be the

first time Red Herring has engaged in similar talks, the paper said.

(C) Reuters Limited 2001.

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