Venture Firm Buys CU Times
WEST PALM BEACH, Fla. - (10/03/05) -- Wicks Business Information, aventure capital firm based in Fairfield, Ct., announced Friday ithas acquired The Credit Union Times. The purchase price wasreportedly $10 million. WBI is a unit of Wicks Group of Companies,and publishes several other newsletters, including Treasury &Risk Management magazine and Corporate Legal Times. Credit UnionTimes was founded in 1990 by Mike Welch, CU Journal co-publisherFrank Diekmann, and Tim O'Hara, now chief of advertising for TheCredit Union Journal. Welch will remain on as a consultant duringthe transition, while Paul Gentile will become the publication'snew editor-in-chief.