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June 1, 2007, Tulsa, OK--PennWell Corporation, a diversified global media and information company, has acquired LEDs Magazine, a business-to-business digital magazine and web site (www.ledsmagazine.com) covering the technology and applications of light-emitting diodes (LEDs). Financial terms of the sale were not disclosed.

Tim Whitaker, founder of LEDs Magazine in 2004, will join PennWell as publisher/editorial director to continue the growth of the magazine in the fast-growing LEDs marketplace. Whitaker will remain based in Bristol, UK, where he operated the business prior to the sale to PennWell. He will report to Christine Shaw, senior VP of PennWell's Optoelectronics Group based in Nashua, New Hampshire.

Shaw, who also serves as group publisher of Laser Focus World magazine, noted that LEDs Magazine has earned its reputation as the leading information resource for the global LED community. "Tim Whitaker is widely recognized in the LEDs field. His expertise in optoelectronic semiconductor technologies combined with his solid editorial and publishing history will prove to be an asset to PennWell. I look forward to working with him and Joanna Hook, who will also join PennWell and continue in a sales role."

For more information, visit www.pennwell.com.

Fri Jun 01 15:43:00 CDT 2007

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