"We expect the deal to close within the next two months," saidALM president and CEO William Pollak in a statement to employees,"although no date has yet been set." In addition to the Real EstateMedia properties, which includes GlobeSt.com and Real EstateForum Magazine, ALM owns and publishes a range of nationaland regional magazines and newspapers, including The AmericanLawyer, Corporate Counsel and The National Law Journal. REM alsopublishes Real EstateSouthern California, Real Estate NewYork, Real Estate NewJersey, GlobeSt/RETAIL andseven targeted newsletters. The divisionalso produces the RealShare ConferenceSeries.
"We chose to view this as not just a sale from one owner toanother, but as an opportunity to find a new partner who could helpALM achieve its growth plans and become a global provider ofleading legal and real estate publications and websites, and asignificant player in the global conference and event business,"Pollak said.
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