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Mcgraw Hill To Sell Aviation Week Magazine To Penton Aviation
By Shane Nolan

July 24, 2013 - McGraw Hill Financial today announced it has signed a definitive agreement to sell Aviation Week to Penton, a privately held business information company. Terms of the all-cash transaction, which is expected to close shortly, were not disclosed. 

Aviation Week & Space Technology, often abbreviated Aviation Week or AW&ST, is a weekly magazine that is available in print and online. The company reports on the aerospace industry and has a reputation for its contacts inside the United States military and industry organizations. 

The company also runs a series of MRO Conferences for the maintenance segment of the aviation industry in addition to workshops. The company began publication in 1916 and changed to its current title in 1962. 

"Today's announcement is another important step in the development of McGraw Hill Financial. This action allows us to apply even greater focus on our high-growth, high-margin benchmark businesses serving large and growing capital and commodity markets around the world," said Harold McGraw III, Chairman, President and CEO of McGraw Hill Financial. 


"Aviation Week is a premier franchise in the civil and defense aerospace industry. We're pleased the business has found a strategic fit and a good home with Penton, which is a respected business information and marketing company and has complementary assets and capabilities." 

"The combination of Aviation Week and Penton Aviation creates the largest and most powerful targeted marketing platform for companies and executives in the dynamic and growing global aviation industry," said David Kieselstein, CEO of Penton. 

Aviation Week serves over 1.2 million professionals in 185 countries and is the largest information and services provider to the global commercial, defense, maintenance/repair/overhaul (MRO), space and business aviation communities. It is anchored by its flagship Aviation Week & Space Technology.


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