The sale included business journals in Cincinnati, Baltimore, Pittsburgh, Philadelphia and St.

[5] After expanding to 35 weeklies, ABJC faced mounting debts and losses reaching $13.5 million in the first nine months of 1987.

This resulted from sales of national advertising packages falling short of goals amid the 1987 stock market crash.

[6] Two weeks later ACBJ sold another six of its business newspapers in Philadelphia, Pittsburgh, Milwaukee, Indianapolis and San Jose and Sacramento to Metro Collegiate Publications for $46.3 million.

Under his leadership, the company moved its headquarters from Kansas City, Missouri, to Charlotte, North Carolina, and greatly increased the number of its publications.

[10] A year later ACBJ acquired CityMedia Inc., which published six business journals in Boston, Philadelphia, Pittsburgh, Milwaukee, Minneapolis and Sacramento.