Today the Media Source Inc.–an Ohio-based company that owns Junior Library Guild (JLG) and The Horn Book, Inc.–announced that they had acquired Library Journal (LJ) and School Library Journal (SLJ).

Both publications were part of the Reed Business Information empire, and many were concerned about the future of the two publications–providing book reviews to hundreds of thousands of librarians around the country. Media Source has acquired “all print and Web products, services, supplements, and newsletters, including Library Hotline.”

Here’s a statement from Media Source CEO Randall Asmo: “Library Journal and School Library Journal are valuable magazines that deserve a corporate home focused on libraries … We respect the history and contribution of LJ and SLJ…Editor-in-Chief Brian Kenney and Publisher Ron Shank are important to the success of SLJ and LJ, and they will remain in their current roles. Our goal is to build upon those strengths to provide a vital and comprehensive service to the librarian community.”