Published:
Petters Group Worldwide Acquires Assets of Metropolitan Media Group
MINNEAPOLIS, July 17 /PRNewswire/ -- Petters Group Worldwide announced
today the acquisition of all assets from Metropolitan Media Group which will
cease operations. The new entity solely owned by Petters Group initially will
be called Community Media Group. This acquisition aligns future and current
business projects for Petters Group.
"Kenan Askov and the team at Metropolitan Media have built a strong
portfolio of community and business publications. Petters Group looks to
support their continued growth and work closely with Askov's team on new
ventures," said Tom Petters CEO & Chairman of Petters Group.
Community Media Group and many of the Metropolitan Media staff will be
hired to continue the operations of Minnesota Business and many of the fifteen
community publications. Community Media will office at the Petters Group
headquarters at 4400 Baker Road inMinnetonka.
About Petters Group Worldwide
Petters Group Worldwide is a privately held company and as an active
manager, they support the organization they invest in by achieving investment
synergies with services, financing and leveraging resources to support growth.
The core areas of focus for Petters Group are merchandising, brand management,
technology, aviation, real estate and investment capital.
SOURCE Petters Group Worldwide
Copyright © 2009, PRNewswire
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Copyright © 2009, NewsBlaze,
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