B&C, Multichannel, Twice to be purchased

New York-based NewBay Media has struck a deal to purchase trade publications Broadcasting & Cable, Multichannel News and Twice from Reed Business Information, parent company of Variety.

Terms of the deal were not disclosed. NewBay Media, a division of Wicks Group, owns such magazines as Television Broadcast, TV Technology, Digital Video, Radio World and Guitar Player. It also produces industry conferences such as the annual Digital Video Expo.

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