Comag Marketing Group, LLC

Standard & Poors has removed Penton Media from its CreditWatch program and affirmed the company’s ‘B’ credit rating. This comes only a little more than a month after Penton called for a salary and hiring freeze, as well as launching a company-wide revenue reforecasting. Despite all this, Penton’s first quarter revenue increased 11 percent, presumably [...]

Penton Media has reportedly laid off 42 employees beginning late Thursday afternoon and ending early Friday morning, according to Folio. The job cuts were spread across all properties and job functions and the lay offs are said to be a result of the “same economic pressures the industry is facing.” Folio (June 6, 2008)