| Founded in 1901, the monthly E&P chronicled the goings-on of the newspaper industry, from circulation to technology to comic strips. Pre-Internet, the magazine was the source for finding journalism jobs.
Buh-bye! |
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
*ping*
http://www.thewrap.com/ind-column/la-times-judgment-day-approaches-11567
L.A. Times’ Judgment Day Approaches
http://toronto.ctv.ca/servlet/an/local/CTVNews/20091209/to_star_091209/20091209/?hub=TorontoNewHome
Toronto Star says 166 employees take buyouts
| Founded in 1901, the monthly E&P chronicled the goings-on of the newspaper industry, from circulation to technology to comic strips. Pre-Internet, the magazine was the source for finding journalism jobs.
Buh-bye! |
They finally have it up on their own site:
‘Editor & Publisher’ to Cease Publication After 125 Years
By Shawn Moynihan
Published: December 10, 2009 12:13 PM ET
NEW YORK Editor & Publisher, the bible of the newspaper industry and a journalism institution that traces its origins back to 1884, is ceasing publication.
An announcement, made by parent company The Nielsen Co., was made Thursday morning as staffers were informed that E&P, in both print and online, was shutting down.
The outpouring of surprise and strong support for E&P that has followed across the Web — Editor & Publisher has even hit #4 as a Twitter trending topic — raises the notion that the publication might yet continue in some form.
Nielsen Business Media, of which E&P was a part, has forged a deal 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 E&P sister magazines Adweek, Brandweek, Mediaweek, Backstage, Billboard, Film Journal International and The Hollywood Reporter. E&P was not included in this transaction.
As news spread of E&P’s fate, the staff has been inundated with calls from members of the industry it covers, mostly expressing shock or disbelief. They will stay on for the remainder of 2009.
Greg Mitchell, editor since 2002, has hailed the staff and their accomplishments. Some staff writers/editors have been at E&P for a quarter of a century. “I’m shocked that a way was not found for the magazine to continue it some form — and remain hopeful that this may still occur,” he said.
Editor & Publisher was launched in 1901 but traces its history to 1884 — it merged with the magazine The Journalist, which had started on that earlier date.
Watch for updates.
http://www.editorandpublisher.com/eandp/news/article_display.jsp?vnu_content_id=1004052655
LOL! So E&D was a real POS publication?
About 15 protestors from the conservative Web site Free Republic raised a fuss outside on a sunny evening, passing out baby pacifiers with "CNN" written on them and carrying signs. One featured a picture of Osama bin Laden and the words: "My best friends are Dana Priest, James Risen, and Eric Lichtblau" (all recently named Pulitzer winners).
Overall though, the lefties ran E&P in to the ground by turning it in to just another kook left site.
See post 28 - it evolved into another liberal propaganda mill over the last few years.
Sad to see Americans cheering the downfall of a longtime American publication, highlighting how much today’s “conservatism” has adopted the Left’s approach of rejoicing in destruction rather than creation.
A generation ago, conservatives would be rejoicing when they’d managed to save a bit of American tradition from the Left and restore it to a position of American pride (or had created a successful superior alternative that replaced the content, services, etc.).
So Huzzah! The Left burned down the city as they retreated from it. What a win, eh, King Pyrrhus?
(Besides...they were a great source of intelligence on the Left if you knew what to look for. :-)
Up yours. E&P became moonbat central in its declining years. The sooner the liberal media goes out of business for failing to present facts and instead shilling for liberalism, the better.
The institutions are beyond salvage and beyond saving. And the entire medium is going away - we can simply replace them with websites.
My reaction too. I remember back in the "All the President's Men" days when subscribing to E&P meant someone was really connected.
I’m waiting eagerly to hear these newly-out-of-work leftists complain bitterly about life in ‘Amerikkka’ under the inept and oppressive Obama regime...
Taking their marbles and going away...after they have helped to destroy the playhouse? Watch for more rich liberals to start scrambling for their passports.
Well maybe that's the problem
Wishing bad things for people's families is over the top. Conservatives are often bashed as mean, and there is no need to give liberals ammunition.
They chose to go down the path they went and they paid for it.
I realize they were a long time American Institution, yet they were infected with liberalism/socialism and were resistant to change. The great thing about reality is that it grinds those who oppose it into the dust.
The great thing about America is, we destroy our failures. Buggy whip manufacturers, inefficient car companies, unadaptive newspapers and magazines--they all fall down. Out of the dust and ashes we create new colossi, better than the past.
Sarah Palin:
Ann Coulter:
In a nutshell.
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