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Penton Media Files “Pre-Packaged” Chapter 11 Plan of Reorganization

New York, NY (Wednesday, February 10, 2010) – Penton Media (“Penton” or “the Company”), a leading business-to-business media company, announced today that the Company and its operating subsidiaries have filed voluntary petitions to restructure under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the Southern District of New York (the “Court”). Penton also filed with the Court a “pre-packaged” plan of reorganization (the “Plan”) which incorporates the terms of a previously announced restructuring agreement between Penton and its lenders.

As previously announced, once finalized, the restructuring will result in the elimination of $270 million of the Company’s debt. In addition, certain of Penton’s existing shareholders have agreed to make a significant new investment in the Company, which will provide additional working capital to fund operations and improve Penton’s overall liquidity. The restructuring agreement also provides for an extension of the maturity on the Company’s senior secured credit facility through 2014.

The Plan has been approved by the requisite number of the Company’s lenders and is subject to approval by the Court. The Company has asked the Court to schedule a confirmation hearing in early March and is seeking to emerge from Chapter 11 within 30 to 45 days.

The Chapter 11 proceedings have been assigned case number 10-10689. Additional information regarding the restructuring is available at www.penton.com/restructuring.

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About Penton Media, Inc.

As a leading, independent, business-to-business media company, Penton knows business and how to create and disseminate the vital content that moves markets. Penton serves the information needs of more than six million business professionals every month in industries ranging from Agriculture and Aviation to Electronics, Natural Products, and Information Technology. With the majority of the company’s properties ranked the #1 or #2 information source for their respective industries, Penton is where professionals turn to gain the critical insight, expert analysis, and relevant connections needed to compete and succeed. Headquartered in New York City, the privately held company is owned by MidOcean Partners and U.S. Equity Partners II, an investment fund sponsored by Wasserstein & Co., LP, and its co-investors. For additional information on the company and its businesses, visit www.penton.com.

MEDIA CONTACTS:
Penton Media (312) 840-8407 Warren Bimblick: warren.bimblick@penton.com  Bethany Weaver: bethany.weaver@penton.com

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