Wednesday, March 19, 2008

VeloNews has New Owners

Velonews is sold to a new owner:
"Inside Communications, Inc (ICI), the parent company of VeloNews, Inside Triathlon, VeloPress, VeloGear, VeloSwap and their eponymous Web sites, celebrated its 21st anniversary last Monday. There won’t be a 22nd.

That’s because, as of today, the ICI name is no more. It is now part of Competitor Group, Inc. (CGI) that, among other things, publishes Competitor and Triathlete magazines. All of ICI’s brands will continue operations at our Boulder, Colorado headquarters, but they are now owned by Falconhead Capital, a New York private equity firm that formed CGI with three endurance-sport acquisitions two months ago.
Via VeloNews has new owners as Inside Communications rides into the sunset.

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