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.