Print Media's Revolving Door Appears to Only be Swinging One Way

Journalism’s long dark week of exits continues today with the announcement that John French, head of Bruce Wasserstein’s magazine empire Penton Media is stepping down. French informed a reportedly surprised staff of the decision saying that it was the result of numerous discussions with the board of directors “regarding the organization’s evolution and the leadership needs going forward.” And so, another one bites the dust, as they say.

One media investment type told the Post’s Keith Kelly that “The job of a CEO of a traditional media company these days has the life expectancy of a second lieutenant in Vietnam.”


It certainly feels like the industry is under siege this week what with the widespread departures and layoffs at the Tribune Co.

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