Latin Trade Acquires Leading Online Latin American Business News Site

MIAMI, Oct. 27 /PRNewswire/ -- Miami Media LLC, the owner of Latin Trade magazine, LatinTrade.com and the BRAVO Business Awards, has acquired Latin Business Chronicle, an online journal specializing in Latin American business news.

Latin Business Chronicle (www.latinbusinesschronicle.com), founded in 2001, is a premium subscription-based Web site that provides information primarily to an institutional audience: corporations, service companies and governments active in Latin American trade and investment. Subscribers include: Microsoft, Chevron, Scotiabank, Federal Express, Accenture, Maersk Line, Mastercard, MTV Networks, SAP, White & Case, Skadden, Arps and the Ministry of Foreign Affairs of India.

Already the second most popular Latin American business news and research web site, according to Google search rankings, Latin Business Chronicle will become a division of LatinTrade.com - itself the third-ranked digital destination for business news in the region.

"This acquisition marks an important milestone for our readers and marketing clients," said Miami Media chairman Richard Burns. "No other company can provide the breadth or depth of our multimedia offering of print, online and live events for professionals doing business in the hemisphere."

"This is a fantastic opportunity for Latin Business Chronicle, which will now benefit from additional resources provided by Miami Media and its assets, especially Latin Trade," said Joachim Bamrud, editor-in-chief and founder of Latin Business Chronicle, who will continue in the same capacity at the new company. "Thanks to our new home, we expect to achieve even greater editorial quality and commercial success."

Latin Business Chronicle has been quoted by such media as The Wall Street Journal and The New York Times and publishes in-depth reports and annual rankings such as Latin America's 100 Most Powerful Businesspeople and Top 100 Mergers and Acquisitions, as well as the closely followed and unique LBC Indexes - a measure of the absolute and relative success of Latin American countries in the fields of: Business Climate; Technology; Security; and Globalization.

Miami Media LLC owns Latin Trade magazine, the BRAVO Business Awards, the Bravo Council Series, Latin Trade's CFO Forums and CMO Forums, LatinTrade Online and LT Hospitality Media which is led by SPLENDID, the in-room magazine for IHG (InterContinental Hotel Group) Latin America & the Caribbean. Miami Media is a subsidiary of Manhattan Media, a New York-based community media company (www.manhattanmedia.com). Both companies are chaired by Richard Burns and financed by Isis Venture Partners. Miami Media is managed by its co-presidents: Maria Lourdes Gallo and Rosemary Winters.

The law firm of Michael J. Simon Esq. represented Miami Media in this transaction, as well as the accounting firm of Kaufman, Rossin.

SOURCE Miami Media LLC