Apax Partners, a private equity firm that is the majority owner of Incisive Media, and Royal Bank of Scotland, the majority debt holder for the company, reached an agreement recently to restructure the group, pending regulatory approvals. As part of that agreement, the assets Incisive Media purchased through the acquisition of ALM in 2007 will become a separately structured, independent company, operating once again under the ALM brand. ALM will continue to be majority-owned by Apax. RBS will swap a portion of ALM's existing debt for a 49% equity stake in ALM to become a minority owner of ALM.

Other than a shift in the company name and email addresses, little is expected to change, states ALM CEO William Pollak. "Although we have a new name and structure, our business positions are fundamentally unchanged," he noted in a company statement. "Despite the severity of the commercial real estate downturn, our publications have retained their leading market share in their sector. GlobeSt.com has strengthened its position as the leading online provider of news and information in that arena."

"And we continue to build on that market position," observes Michael Desiato, vice president and group publisher, "not only on GlobeSt, but in all of our magazines and the RealShare Conference Series. We continue to redefine our model to reflect changes in the industry, and our loyal base of readers and advertisers will see that manifest in a number of different and exciting ways. Today we will be launching our first all-digital newsletter--Distressed Assets Investor. In coming months we plan major enhancements to GlobeSt's delivery methodology and its interactive offerings. We continue to build, and what we are building is very exciting, to us, and we believe, it will be as well to our constituents."

In addition to GlobeSt.com, Real Estate Forum and the RealShare Conference Series, ALM's Real Estate Media Group also publishes Real Estate New York, Real Estate New Jersey, Real Estate Southern California and Real Estate Florida.EDITOR'S NOTE: To reach your contact at any of the Real Estate Media Group publications, use the following email form: jsmith@alm. (first initial last [email protected])