What is the reason for Editor and Publisher closing after 108 years?”
The Nielsen Co. is selling some of its most prominent trade journals — including The Hollywood Reporter and Billboard — and shutting down Editor & Publisher, which has chronicled the newspaper business for 108 years. In all, Nielsen is selling eight titles to e5 Global Media LLC, a new company formed by private equity firm Pluribus Capital Management and Guggenheim Partners, a financial services company. James Finkelstein, who founded Pluribus this year with George Green and Matthew Doull, will serve as e5’s chairman. Thursday’s closure of E&P “was a shock,” said its editor, Greg Mitchell. “We knew that something big was happening but we didn’t think the aftermath was that we wouldn’t be sold and it would be folded.” Mitchell said Editor & Publisher appeared to have turned things around after struggling at the beginning of the decade. The magazine switched to a monthly format from weekly in 2003 and heightened its focus on the Web. Nielsen said both the print and online operation will
NEW YORK – The Nielsen Co. is selling some of its most prominent trade journals — including The Hollywood Reporter and Billboard — and shutting down Editor & Publisher, which has chronicled the newspaper business for 108 years. In all, Nielsen is selling eight titles to e5 Global Media LLC, a new company formed by private equity firm Pluribus Capital Management, and Guggenheim Partners, a financial services company. Nielsen said James Finkelstein, who founded Pluribus this year with George Green and Matthew Doull, will serve as e5’s chairman. Along with Editor & Publisher, the company is also shuttering the book review title Kirkus Reviews. The two publications have 18 employees combined. Nielsen would not reveal details about the financial performance of E&P or Kirkus. Spokesman Gary Holmes said Nielsen is still reviewing its properties to make sure the company is focused on businesses with “the highest potential for growth.” Nielsen is keeping a handful of other media properties, inc
