Posted on 12/10/2009 8:19:50 AM PST by abb
Today, we announced that Nielsen Business Media has reached an agreement with e5 Global Media Holdings, LLC, a new company formed jointly by Pluribus Capital Management and Guggenheim Partners, for the sale of eight brands in the Media and Entertainment Group, including Adweek, Brandweek, Mediaweek, The Clio Awards, Backstage, Billboard, Film Journal International and The Hollywood Reporter. e5 Global Media Holdings has also agreed to acquire our Film Expo business, which includes the ShoWest, ShowEast, Cinema Expo International and CineAsia trade shows.
In addition, we’ve made the decision to cease operations for Editor & Publisher and Kirkus Reviews. This move will allow us to strengthen investment in our core businesses – those parts of our portfolio that have the greatest potential for growth – and ensure our long-term success. We remain committed to building our trade show group and affiliated brands. These assets continue to be a key part of The Nielsen Company’s overall portfolio and we strongly believe they are positioned to grow as the economy recovers. In addition, we’ll continue to assess the strategic fit of our remaining portfolio of publications.
As a result of these decisions, many of our friends and colleagues within these businesses will be leaving the company or will begin to transition to the new ownership immediately. These venerable brands have long been an important part of our Business Media family, and we are pleased that e5 will continue to capitalize on the brands’ potential. The transition is expected to be complete by the end of the year.
Pluribus Capital was founded in 2009 by James Finkelstein, George Green and Matthew Doull to focus on acquiring and managing industry leading media properties with high growth potential, particularly those with strong brand recognition across multiple platforms including digital, print and events. Guggenheim Partners is a privately held, diversified financial services firm. Both Pluribus and Guggenheim have strong track records of successfully managing investments in a variety of companies.
I want to take this opportunity to offer heartfelt thanks to our colleagues who will be leaving the company for their dedication and commitment to Nielsen over the years. Please join me in wishing them well in their future endeavors.
Regards,
Greg Farrar President Nielsen Business Media
ping
YEAAAAH! E&P was an integral part of the MSM liberal slime machine.
http://www.guardian.co.uk/media/greenslade/2009/dec/10/newspapers-pressandpublishing
Reporting is different from journalism, and it’s the latter we need to protect
http://nymag.com/daily/sports/2009/12/will_tiger_change_sports_journ.html
Will Tiger Change Sports Journalism?
http://newsosaur.blogspot.com/
A newspaper to inspire you all over again
http://paidcontent.org/article/419-finkelstein-group-buying-billboard-thr-other-mags-from-nielsen-/
Updated: Deal Done: Finkelstein Group Buying Billboard, THR, Other Mags From Nielsen Without Murdoch
http://www.nypost.com/p/news/business/billboard_buying_group_changes_bJ7C3Z9NRb39TDspXdxokN
Billboard buying group changes
.... and right here before Christmas
Good news ping! Ding, Dong, E&P is dead!
Greg Mitchell, you are a POS!
And now it's gutted like a dead moose.
http://www.adweek.com/aw/content_display/news/media/e3icf90084764d1ef2d4ab9be4342d72e78
Nielsen Sells 8 Brands, Including Adweek, to e5Global Media
http://www.adweek.com/aw/content_display/news/agency/e3icf90084764d1ef2dde564252d955a136
11.5% U.S. Ad Spend Dip So Far in ‘09
http://blogs.wsj.com/digits/2009/12/09/we-want-our-tv-mobile-study-says/
We Want Our TV Mobile, Study Says
http://www.mediapost.com/publications/?fa=Articles.showArticle&art_aid=118894
New Group Buys Nielsen Titles
E&P fails to report yet on its own obit.
Oh Wow.
http://www.latimes.com/business/la-fi-ct-tmz9-2009dec09,0,7096141.story
Time Warner wants more revenue from TMZ
The media giant takes full control of the celebrity website today with the spinoff of AOL.
http://www.niemanlab.org/2009/12/next-years-news-about-the-news-what-well-be-fighting-about-in-2010/
Next year’s news about the news: What we’ll be fighting about in 2010
http://cancelthebee.blogspot.com/
Survey: most LA Times journalists think their paper will go bankrupt
Mitchell’s books, in case you didn’t know his politics...
http://en.wikipedia.org/wiki/Greg_Mitchell
* The Campaign of the Century: Upton Sinclair’s E.P.I.C. Race for Governor of California and the Birth of Media Politics by Greg Mitchell (Atlantic Monthly Press, 1991), ISBN 0-87113-467-5 Winner of the 1993 Goldsmith Book Prize
* Hiroshima in America: A Half Century of Denial by Robert Jay Lifton and Greg Mitchell (Avon Books, 1996), ISBN 0-380-72764-1 (Diane Pub Co, 1995), (Putnam Pub Group 1995), ISBN 0-399-14072-7 ISBN 0-7881-9992-7
* Joy in Mudville: A Little League Memoir by Greg Mitchell (Pocket Books, 2000), (Washington Square Press, 2002), ISBN 0-671-03532-0 ISBN 0-671-03531-2
* Tricky Dick and the Pink Lady: Richard Nixon Vs Helen Gahagan Douglas-Sexual Politics and the Red Scare, 1950 by Greg Mitchell (Random House Inc, 1998), ISBN 0-679-41621-8
* Truth.. and Consequences: 7 Who Would Not Be Silenced by Greg Mitchell (W W Norton & Co Inc, 1987), ISBN 0-934878-08-0
* Very Seventies: A Cultural History of the 1970S, from the Pages of Crawdaddy, Peter Knobler and Greg Mitchell (editors) (Fireside/Simon & Schuster, April 1, 1995), ISBN 0-684-80069-1 ISBN 0-02-022005-7
* Who Owns Death?: Capital Punishment, the American Conscience, and the End of Executions by Robert Jay Lifton; Greg Mitchell (William Morrow & Co, November 1, 2000), (Perennial, February 1, 2002), ISBN 0-380-79246-X ISBN 0-380-97498-3
* So Wrong for So Long: How the Press, the Pundits — and the President — Failed in Iraq, by Greg Mitchell (Union Square Press, March 4, 2008) ISBN 1402756577 ISBN 978-1402756573
BUMP what you said! Wow... This is very good news. I want Greg Mitchell and the rest of them over there at Editor & Publisher to lose their jobs, their homes, their life savings, and their families. For the damage they and their socialist Democrat ilk have done to America they deserve nothing less.
If I see any of them begging on the street I’ll throw them a hot dog wrapper.
The grass did seem a little greener this morning. Now I know why.
*OBITUARY*
Editor & Publisher (1901-2009)
Editor & Publisher died today, after a length illness. Reportedly, the self described “America’s Oldest Journal Covering the Newspaper Industry” succumbed to ink poisoning.
A 2001 survey of 350 newpapers in six states indicated that copy editors and their supervisors were more likely to read E&P than any other magazine in the journalistic trade press, with 80.6% of copy editors and 90.6% of supervisors reporting that they read it either regularly or occasionally.
It’s last editor was Greg Mitchell.
http://www.fitzandjen.com/2009/12/editor-publishers-been-folded-.html
December 10, 2009
Editor & Publisher’s Been Folded
After years of covering the death of newspapers, we here at Fitz & Jen got to experience it first-hand this morning. The Nielsen Company has made the decision to cease operations of E&P in its 125th year.
It’s early in this process, so it’s not clear yet whether there will be another print issue of magazine, or what will happen to the Fitz & Jen blog.
What we can say is that at least for some interim period Mark Fitzgerald and Jennifer Saba will continue to report on the business of newspapers. With luck it will be at this site.
His comment:
“E&P folded?
This is NOT the handwriting on the wall. This is the thundering, rumbling sound the wrecking ball makes just before knocks the wall down!”
I figured they would have choked on their own bile.
Long over due. Scumbags...all of em. Get a real taste of what it’s like out here for the rest of us.
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