American Lawyer Media (ALM), which runs the ALM Expert Witness Directory, is reportedly for sale. According to the Business Wire:
Wasserstein & Co., LP [ALM’s owner] announced that it has retained Credit Suisse as its exclusive financial advisor to assist it in exploring various strategic alternatives for its investment in ALM, including the possible sale of the company.
It will be interesting to see the price that is paid for ALM if it sold since its primary asset is its magazines and newspapers. Best known for its legal publications, ALM currently owns 34 national magazines, including “The Legal Expert Pages” print directory. ALM also runs an expert witness directory on Law.com. It is unknown what will happen to its online expert witness directory if ALM is sold. The online directory had changed names from “NLJ Experts” to “ALM Experts” in 2005.