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Posts Tagged ‘The Nielsen Co.’

Could E&P Have Been Saved?

epOct09.jpgDid The Nielsen Co. have an opportunity to sell newspaper industry trade Editor & Publisher instead of shutting it down?

That’s what Alan Meckler, CEO WebMediaBrands, told FishbowlNY today. Meckler said his company, which also owns mediabistro.com, offered to take the pub off Nielsen’s hands several months ago. He said his company offered to pay nothing for the title, but was willing to take on all of their subscriber liability. Under WebMediaBrands’ oversight, E&P would have continued to produce content, although it’s likely its print version would not have survived the transition, Meckler said.

However, Nielsen declined the offer, claiming it could receive “millions” for the title, Meckler told us.

Today, E&P wrote the worst story a publication can ever produce: a report on its own closure. Reported the pub:

“The expressions of surprise and outpouring of strong support for E&P that have followed across the Web — Editor & Publisher has even hit No. 4 as a Twitter trending topic — raise the notion that the publication might yet continue in some form…As news spread of E&P‘s fate, the staffers have been inundated with calls from members of the industry it covers, and many others, expressing shock and hopes for a revival. Staff members will stay on for the remainder of 2009.”

The end of the article includes a way to contact all of the title’s staffers. Pretty smart. We think they’ll probably be getting some job offers soon.

‘Editor & Publisher’ to Cease Publication After 125 YearsEditor & Publisher

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As Nielsen Sells Titles, Editor & Publisher, Kirkus Reviews Fold

Along with the news this morning that The Nielsen Co. had sold off a number of brands including The Hollywood Reporter came the very sad news that the company was shuttering newspaper trade publication Editor & Publisher, as well as book review journal Kirkus Reviews.

We’re not sure what will happen to the staffs of these pubs, although Silicon Alley Insider has an internal memo. Our calls to Nielsen have not yet been returned. (See below for an update.)

Have any information? Send us an email or leave a tip in the box at right.

Update: A Nielsen spokesman confirms that the two pubs will be closing at the end of the year. Fewer than 20 people should be affected by the closures.

Nielsen Sells 8 Brands, Including Mediaweek, to e5 Global Media –Mediaweek

Nielsen Finally Sells Adweek And THR, Shutters Editor & Publisher –Silicon Alley Insider

Previously: Investor Group Buys Eight Nielsen Brands

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

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