dmg world media (www.dmgworldmedia.com), a division of Daily Mail & General Trust, has sold the California Gift Show to Merchandise Mart Properties, Inc. (www.merchandisemartproperties.com).

"This final stage of activity puts dmg world media nearer the strategic finish line here in North America," said Mike Cooke, CEO, dmg world media. "In 2007, we set out to reshape the business to focus more on fast growing trade markets and less on consumer based products. We have been successful thus far in finding buyers who see value in these products, which are no longer a strategic fit for dmg world media, but still have great potential in their regional or niche markets."

The Jordan, Edmiston Group represented dmg world media in this transaction and acted as its exclusive financial advisor. For more information, click here.