ASSET PURCHASE AGREEMENT



         Asset Purchase Agreement (the "Agreement"), made and entered into as of

September 30, 2003, by News Communications Inc., a Nevada corporation ("NCI" or

"Seller") and World Business Media, LLC, a New York limited liability company

("World" or "Purchaser").



                              W I T N E S S E T H:



         WHEREAS, NCI wishes to sell and World wishes to purchase the Assets (as

defined below), all upon the terms and conditions hereinafter set forth.



         NOW THEREFORE, in reliance upon the covenants, representations,

warranties and agreements set forth herein, the parties agree as follows:



SECTION I - SALE AND PURCHASE OF ASSETS



1.1.     Transaction:



         At the Closing (as hereinafter defined), Purchaser shall purchase from

         Seller, and Seller shall sell to Purchaser, all of Seller's right,

         title and interest in and to the Assets (as hereinafter defined) to the

         extent transferable by Seller. For the purposes of this Agreement,

         "Assets" shall mean only those assets and contract rights of Seller

         related to the Seller's GSN Business (as hereinafter defined) being

         conducted as of the date of this Agreement (but shall not include any

         assets excluded pursuant to Section 1.2)) and listed in Section 1.1(a),

         Schedule 1.1(b)-1 and Schedule 1.1(b)-2 or otherwise described in

         Sections 1.1(a) - (g) below. For the purposes of this Agreement,

         "Seller's GSN Business" shall mean Seller's GSN: Government Security

         News magazine business, together with websites at

         www.governmentsecuritynews.net and www.GSNMagazine.com, as well as any

         businesses conducted by Seller as of the date of this Agreement under

         the name GSN: Government Security News or Government Security News. The

         Assets shall be comprised of the following as they exist at and as of

         the Closing, to the extent transferable:



         (a) the computer, including the CPU, hard drive, monitor, keyboard,

             mouse and printer used by Jacob Goodwin;



         (b) all the rights and benefits accruing to Seller under all contracts,

             agreements, commitments and plans, written and oral, with all of

             Seller's advertisers relating to Seller's GSN Business ("Advertiser

             Contracts") listed on Schedule 1.1(b)-1 ("Transferred

             Advertisers"), and all rights and benefits accruing to Seller under

             any contracts, agreements, commitments or plans listed on Schedule

             1.1(b)-2 (together with the Advertiser Contracts "Assigned

             Contracts");

















         (c) subject to the provisions of Section 1.2(f), all work-in-process

             and accounts receivable arising out of the ordinary operations of

             Seller's GSN Business and related activities prior to the Closing,

             and all cash proceeds in respect thereof;



         (d) all operating data and records in Seller's possession relating to

             the Assets which are separately maintained, including, without

             limitation, all advertiser records and documents, including

             contracts, advertiser lists and records, research and development

             reports and records, equipment logs, operating guides and manuals,

             projections, copies of financial, accounting and personnel records,

             correspondence and other similar documents and records;



         (f) all of Seller's interest in and to all intellectual property

             relating to the Assets, including all rights to the name GSN, GSN:

             Government Security News, all works made for hire for Seller's GSN

             Business (including without limitation all the copyrights in and to

             all issues of GSN: Government Security News magazine and all

             original works of authorship therein owned by Seller as well as

             inserts, press kits, flyers or the like) as well as any license

             rights to any articles, research, designs, layouts, software (to

             the extent transferable), processes, methods, plans, research,

             data, marketing plans and strategies, forecasts, trademarks,

             service marks, trade names, licenses (if transferable), including

             those in development and negotiation, copyrights (both registered

             and unregistered);



         (g) any licenses, permits, approvals, qualifications, consents and

             other authorizations held by Seller necessary or desirable for the

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