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Posts Tagged ‘Greg Farrar’

Nielsen President Farrar Steps Down

farrar.gifAfter working to complete the sale of eight brands last month, Nielsen Business Media president Greg Farrar has decided to leave the company, Folio reported last night.

Farrar, who had worked at the company for 20 years, was named president in 2007, and had served as COO before that. He helped oversee the sale of several brands, including Mediaweek and Billboard to newly created e5 Global Media in December.

Nielsen told Folio that is has no plans to replace Farrar, although he will stay on for a transition period, overseeing the company’s remaining publications that are not associated with a trade show. Andy Bilbao, senior vice president of brand media, will then take over those duties once Farrar departs, with senior vice presidents Joe Randall and David Loechner have been picked to lead the newly-created Nielsen Expositions group for the company’s trade shows.

Update: A Nielsen spokesperson tells FishbowlNY: “Having managed the trade show business through the economic downturn while also divesting most of the company’s publications, Greg has accomplished his goals at Nielsen and decided it is the right time to seek greater opportunities.”

Farrar Leaving Nielsen Business Media as PresidentFolio

Previously: Investor Group Buys Eight Nielsen Brands

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Investor Group Buys Eight Nielsen Brands Including Hollywood Reporter, Billboard

THR.jpgAfter weeks of speculation over the deal, an investor group formed by media private equity partnership Pluribus Capital Management and financial services company Guggenheim Partners just announced that it has purchased eight brands from The Nielsen Co., including the pubs The Hollywood Reporter, Billboard, Mediaweek, Adweek and Brandweek.

The new company, called e5 Global Media LLC, is said to have paid $70 million for the publications and events, which include the ShoWest and other trade shows. Pluribus was founded by James A. Finkelstein, whose family owns the “Who’s Who” series of books; George Green, the former president of Hearst Magazines International; and Matthew Doull. The New York Post‘s Keith Kelly reported today that another rumored partner in the deal, Rupert’s son Lachlan Murdoch, was replaced by former Bear Stearns chief Alan Schwartz, who runs Guggenheim. Finkelstein will serve as chairman of e5, the company said.

Meanwhile, Nielsen maintains that it will remain committed to its remaining brands. “Divesting these titles allows Nielsen to focus its investment on its core businesses and those parts of our portfolio that have the greatest potential for growth, including our leading trade show group,” Nielsen Business Media president Greg Farrar said.

Full release, after the jump

Billboard buying group changesNew York Post

Read more

Editor & Publisher Shutters, Hollywood Reporter and Billboard Sold

E&P_main_logo3333.gifWhen we saw the memo, we had to just pause for a moment. “America’s Oldest Journal Covering the Newspaper Industry” is closing? The newspaper industry is shrinking SO MUCH that the journal covering it is closing?! Not to be alarmist but…we’re screwed.

Greg Farrar President of Nielsen Business Media writes:

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.

Read the whole memo noting the sales to e5 Global Media Holdings at Romenesko here.

Nielsen Business Media CEO Krakoff Dies Suddenly

robert_krakoff_vnu_president.jpgmediabistro.com has learned that Nielsen Business Media president and CEO Robert Krakoff passed away last night at 71.

Krakoff took over the then-VNU CEO position last August when Mike Marchesano left his post to become to executive VP and “chief transformation officer.”

Details soon …

UPDATE VIA Hollywood Reporter: “Robert Krakoff, president and CEO of Nielsen Business Media, died unexpectedly Thursday night in his Boston apartment, according to Nielsen chairman and CEO David Calhoun. Among the magazines Krakoff oversaw were Editor & Publisher, Billboard, Hollywood Reporter, Adweek, Mediaweek, Brandweek and Photo District News.”

UPDATE VIA FOLIO:: Nielsen is expected to name COO Greg Farrar as interim CEO. Krakoff was in New York yesterday at the Neal Awards luncheon and “looked fit as ever.”

BACKGROUND:

  • VNU Names New CEO, Promotes Current One [FBNY]