paidContent breaks the news that interactive media and marketing publisher and event producer, iMedia Communications, which publishes iMedia Connection, is being acquired by DMG World Media - which in January bought out Ad:Tech. DMG CEO Mike Cooke confirmed the news in an email to paidContent. No details were yet available regarding price. DMG operates more than 300 trade shows in various business and consumer vertical markets. iMedia was founded in 2001 and is a closely held corporation based in Dana Point, California. DMG is itself a wholly owned subsidiary of Daily Mail and General Trust, based in the U.K.