Former Cygnus Staffers Buy Their Old Magazine's Assets
Last year, trade publisher Cygnus laid off 12 percent of its staff—50 people—and “suspended” four of its underperforming titles, hoping to find buyers for those mags.
Well, for two titles, that buyer has finally come in the form of former Cygnus employees.
NueMedia LLC consists president Ross Scovotti, formerly a regional sales representative for Cygnus, and Jay Schneider, ex-Cygnus commercial woodworking group publisher, now CIO of NueMedia.
The new company has recently acquired the content, circulation and product archives of both Wood Digest and Finishing magazines.
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
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