Cahners Travel Group Renamed NORTHSTAR Travel Media LLC

Cahners Travel Group Renamed NORTHSTAR Travel Media LLC

Business Editors

SECAUCUS, N.J.–(BUSINESS WIRE)–Nov. 2, 2001

Cahners Travel Group, formerly a division of Reed Elsevier’s Cahners Business Information, has been renamed NORTHSTAR Travel Media LLC.

NORTHSTAR Travel Media LLC is a wholly owned subsidiary of Boston Ventures Management, Inc. which completed the purchase of Cahners Travel Group on Sept. 28, 2001. Boston Ventures is a leading private equity firm focusing on the media, entertainment and communication industries.

“As the leading provider of business-to-business travel information, NORTHSTAR Travel Media LLC has a unique position in the travel community and we have made a great deal of progress over the last year in developing our publications, Web sites, and databases to meet the changing needs of the travel industry,” said NORTHSTAR Travel Media LLC Chief Executive Officer George Hundley.

With its portfolio of directories, periodicals and destination information services, NORTHSTAR Travel Media continues its role as the leading business-to-business publishing force in the travel and hospitality industry.

About NORTHSTAR

NORTHSTAR Travel Media LLC (www.northstartravelmedia.com) publishes worldwide directories, periodicals, and destination information services for the travel and hospitality industry. NORTHSTAR’s directories provide indispensable data about hotels, cruise lines and ships, meeting and convention properties, and business travel in the United States and internationally. The directories include Hotel Travel Index, Official Hotel Guide, Official Hotel Guide – International, Official Meeting Facilities Guide, Official Cruise Guide, and Business Travel Planner. NORTHSTAR’s three periodicals and electronic newsletter provide unsurpassed editorial coverage of the travel industry. Travel Weekly covers all facets of the trade, from agents to suppliers; TravelAge West focuses on the travel industry in the western United States; Meetings and Conventions is a must-read for that industry sector; and Travel Management Daily, an e-mail newsletter published daily, targets the highly-placed travel industry professional. In addition to its directories and periodicals, NORTHSTAR produces two information services: Star Service provides critical reviews of hotels, and Weissmann Travel Reports publishes timely destination reports on numerous countries, cities, and ports-of-call.

About Boston Ventures

Boston Ventures (www.bostonventures.com) is a private equity firm that has been an active investor and financial partner to management teams since 1983. The firm’s longstanding commitment to the media, entertainment, and communications sectors has earned Boston Ventures a “franchise” position in the private equity community and an outstanding reputation as knowledgeable and value-added partner and investor.

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