PWxyz, LLC has purchased Publishers Weekly, the publishersweekly.com site, and Publishers Weekly Show Daily. The company is helmed by former PW publisher George Slowik.

Here’s more from the site, including some reassuring news about staffing: “The new company will retain all of PW’s editorial, art, and advertising employees and the magazine will remain headquartered in New York City. Cevin Bryerman will stay as publisher with Jim Milliot and Michael Coffey serving as co-editors. Slowik ran PW in the late 1980s and early 1990s, leading the publication to record profits despite a poor economy.”

In addition, Reed Business Information CEO John Poulin had this comment: “Given George’s history with Publishers Weekly, we believe this will be a great match.” (Via Sarah Weinman)

Reed Business Information (RBI) will try to sell the trade magazines Publishers Weekly, Library Journal, and School Library Journal, according to a PW report.

The article also notes that RBI CEO Tad Smith just resigned, and acting CEO John Poulin will supervise the operation. Bloomberg reported this morning that parent company Reed Elsevier’s “first-half profits” had plunged by 48 percent.

Here’s more from the article: “The sale of the group is part of RBI’s strategy to divest most of its trade magazines in the U.S. Last year, Reed Elsevier, parent company of RBI, tried to sell all of RBI but dropped the sale when it couldn’t get the price it wanted in a depressed market for media properties.”