SPOKANE, Wash. (AP) _ New Media Ventures Inc., a subsidiary of Cowles Publishing Co., has purchased Northwest Business Press Inc., the companies said Thursday.

Terms of the sale, which was closed Wednesday, were not disclosed.

Northwest Business publishes the Journal of Business, a twice-monthly newspaper catering to the business and professional community, and Spokane Woman, a quarterly magazine.

Scott Crytser, who founded the Journal of Business in 1985, will continue as publisher under the direction of New Media.

Cowles, based Spokane, Wash., also publishes The Spokesman-Review.