Reed Business Information is selling the website of Computer Weekly and the brand’s events to TechTarget Inc, paidcontent reports.

What TechTarget’s not buying: the print magazine. RBI will close it after a 45-year publishing run. “This change will enable the Computer Weekly and MicroScope teams to focus on delivering an even stronger web product. TechTarget have plans to make changes to the digital magazine and to the web sites which they will of course be keen to discuss with you,” the Computer Weekly staff said in a statement.

ComputerWeekly.com draws an average of 1 million pageviews per month, Folio said.

The company Tweeted earlier today about the acquisition: “Thanks for all good wishes re @computerweekly move to Techtarget.We may no longer be killing trees but we will be bigger better & still here.”

We are waiting to hear whether this acquisition will result in layoffs, but if we had to bet, we wouldn’t bet against it.