Rumors have been circulating for weeks and now it is official: ALM — the parent company of, The American Lawyer, the National Law Journal, and a host of other national and regional legal periodicals — is for sale.

Here is the company’s announcement, and here is a report from Crain’s New York Business.

Photo of Bob Ambrogi Bob Ambrogi

Bob is a lawyer, veteran legal journalist, and award-winning blogger and podcaster. In 2011, he was named to the inaugural Fastcase 50, honoring “the law’s smartest, most courageous innovators, techies, visionaries and leaders.” Earlier in his career, he was editor-in-chief of several legal publications, including The National Law Journal, and editorial director of ALM’s Litigation Services Division.