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co-ownership |
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New York), have entered into an agreement for co-ownership of Prism Business Media (New York), upon completion of Prism's previously announced purchase of Penton Media. The $190 million plant is a first-of-its-kind joint venture, pairing dairy producers with a cheese processor in co-ownership. Mere co-ownership of property that is maintained, kept in repair and rented or leased, however, does not constitute a separate entity for Federal tax purposes. |
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