Commonwealth Business Media Inc. said it would buy the Journal of Commerce Group, which publishes the weekly successor to the business daily of the same name, and a group of publications for the trade and transportation industries. Terms were not disclosed.
Founded in 1827 by inventor and entrepreneur Samuel F.B. Morse, the Journal of Commerce began as a New York shipping daily. The Journal of Commerce Group was purchased in 1995 by London's Economist Group, an associate company of Britain's Pearson.
