Medford, NJ, December 23, 2002 — Information Today, Inc. (ITI) announced that it has completed the acquisition of Streaming Media, Inc. from Penton Media, Inc. The acquisition was a stock purchase whereby ITI has acquired 100 percent of the stock of Streaming Media from Penton Media, Inc., a Cleveland-based publisher and tradeshow company.

Streaming Media, Inc. produces conferences and exhibitions in the streaming media field and also hosts the StreamingMedia.com Web site and e-mail newsletter. In addition, Streaming Media publishes a series of in-depth reports on various aspects of streaming media technology and applications.

The first Streaming Media conference and exhibition was held in San Francisco in 1998, and over 10 such events have been held since then. The most recent exhibition, Streaming Media Europe, was held in early December 2002 in London and featured over 20 of the leading streaming media companies in Europe, including RealNetworks, Envivio, Network Appliance, and Groovy Gecko.

Tom Hogan, president and CEO of Information Today, Inc., said, “Our company has been focusing on the online industry for over 2 decades. We view streaming media as the latest in a series of technologies that involve the transfer of content—in this case audio and video content—in an online modality. As broadband and wireless technologies continue to evolve in terms of quality and capacity, we believe streaming media will play an increasingly important role in the delivery of rich content. We feel fortunate to be able to add the leading events and Web site in the streaming media field to our growing family of products and services.”

The StreamingMedia.com Web site, e-mail newsletter, and other related products will be produced and directed by Adam Pemberton, publisher of Information Today’s EMedia magazine EMedia Xtra e-mail newsletter. Future Streaming Media conferences and other live events will fall under the direction of Dick Kaser, Information Today, Inc.’s Vice President, Content.

Information Today, Inc. is a leading publisher and conference organizer in the information and knowledge management industries. The company is widely known as the publisher of premier information and knowledge management titles such as Information Today, Searcher, ONLINE, Computers in Libraries, EContent, CRM, and KMWorld, among others, as well as the organizer of conferences and exhibitions such as InfoToday, KMWorld & Intranets, Internet Librarian, and Computers in Libraries.

For more information on this acquisition or Information Today, Inc., please contact ITI at 800-300-9868 (outside the U.S. call 609-654-6266), e-mail custserv@infotoday.com, visit the ITI Web site at www.infotoday.com, or contact Tom Hogan, Jr., at 609-654-6266 x112.