| CMP Media, Inc. | |||
| Ticker: | CMPX | 600 Community Drive | |
| Exchange: | NASDAQ-National Market | Manhasset, NY 11030 | |
| Industry: | Manufacturing (SIC Code 2721) | (516) 562-5000 | |
| Type of Shares: | Class A Common Shares | Filing Date: | 5/9/97 | |
| U.S. Shares: | 4,000,000 | Offer Date: | 7/24/97 | |
| Non-U.S. Shares: | 1,000,000 | Filing Range: | $17.00 - $19.00 | |
| Primary Shares: | 3,750,000 | Offer Price: | $22.00 | |
| Secondary Shares: | 1,250,000 | Gross Spread: | $1.54 | |
| Offering Amount: | $90,000,000 | Selling: | $0.90 | |
| Expenses: | - | Reallowance: | $0.10 | |
| Shares Out After: | - |
| Manager | Tier | Phone |
| Goldman, Sachs & Co. | Lead Manager | (212) 902-5959 |
| Bear, Stearns & Co. Inc. | Co-manager | (212) 272-4850 |
| Furman Selz Incorporated | Co-manager | (212) 309-8285 |
| Lazard Freres & Co. | Co-manager | (212) 632-6717 |
| Issuer's Law Firm: | Dow, Lohnes & Albertson |
| Bank's Law Firm: | Debevoise & Plimpton |
| Auditor: | Coopers & Lybrand |
| Registrar/Transfer Agent: | American Stock Transfer & Trust Co |
Dollar amounts in U.S. millions except for per share data | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/96 | 12/31/96 | ||||
| Revenue: | $418.06 | Assets: | $123.94 | ||
| Net Income: | $18.70 | Curr Assets: | |||
| EPS: | Liabilities: | $107.22 | |||
| Prior EPS: | Curr Liabilities: | ||||
| Cash Flow/Oper: | $48.36 | Equity: | $16.71 | ||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company is a leading publisher of magazines and newspapers about computers, electronics, information technology and the Internet. Each of the company's publications is designed for a distinct audience within one of three groups: the builders, the sellers or the users of technology. In terms of total advertising pages, the company is one of the largest technology publishers in the United States, with a 1996 U.S. market share in excess of 20% according to Inquiry Management Systems, an independent ad-tracking firm. In 1996, many of the company's publications were the leaders in their respective market niches and five of the company's publications were among the ten fastest-growing technology publications in the United States, in terms of advertising pages according to IMS. The company's revenues have nearly doubled since 1992, increasing to $418.1 million in 1996 from $218.2 million in 1992. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to repay the outstanding balance under the Company's revolving credit agreement and to pay for the S Corporation distribution to the company's current stockholders, and the balance will be used for general corporate purposes. |