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March 8, 2010

STAGNITO MEDIA ACQUIRES NIELSEN BUSINESS MEDIA'S RETAIL FOOD GROUP

Deerfield, Illinois -- Stagnito Media announced today that it has acquired the Retail Food Group from Nielsen Business Media.

The Retail Food Group is comprised of four leading brands; CONVENIENCE STORE NEWS, CONVENIENCE STORE NEWS FOR THE SINGLE STORE OWNER, PROGRESSIVE GROCER, and THE GOURMET RETAILER that serve the B-to B information needs of convenience, grocery, and specialty food/kitchenware retailers through an integrated portfolio of magazines, websites, digital newsletters, web seminars, and educational conferences.

Included in the acquisition are Trade Dimensions DIRECTORY OF CONVENIENCE STORES, and the GROCERY, DRUG AND MASS MERCHANT MARKETING GUIDEBOOK print and electronic products, which are leading databases of chain retailers serving the convenience, grocery, drug, and mass merchandising retailing segments in the U.S.

"We're excited about re-entering the food industry with the acquisition of such highly recognized and respected food media brands, and related products. Our goal is to introduce a new business model to the food market to take advantage of the trend towards targeted and measurable integrated media," said Harry Stagnito, President/CEO, Stagnito Media.

Stagnito Media was established in 2009 by Harry Stagnito, Kyle Stagnito, Kollin Stagnito, and Ned Bardic, professionals with more than 100 years of cumulative, successful media experience. Previously, they managed Stagnito Communications, which was the largest food, beverage and packaging media company in the world.

To learn more, visit www.stagnitomedia.com
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