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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.
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