The good day for M&A continues with the news that Small Times, who were cut loose from founders and backers Ardesta at the beginning of the year after haemorrhaging staff and money finally got acquired by technology publishers Penn Well.
We’ve had a good time with Small Times over the years, and they have some excellent journalists, but with the magazine circulation of some 28,000 and advertising revenues have always been below what was envisioned from nanotech back in 2001.
Let’s hope that the journalistic integrity continues after the team are absorbed into “a highly diversified, business-to-business media company providing authoritative print and online publications, conferences and exhibitions, research, databases, online exchanges and information products to strategic global markets.”