Library Journal and School Library Journal Sold to Media Source

Library Journal and School Library Journal, two of the many, many publications Reed Business Information has been trying to divest itself of over the past several months have been sold to Ohio-based Media Source, according to an announcement just released today. Media Source owns Junior Library Guild and The Horn Book, so the addition of LJ and SLJ strengthens the company’s library offerings significantly.

Here’s more from Media Source: “Library Journal and School Library Journal are valuable magazines that deserve a corporate home focused on libraries,” said Randall Asmo, CEO of Media Source. “We respect the history and contribution of LJ and SLJ. Our goal is to build upon those strengths to provide a vital and comprehensive service to the librarian community.” Editor Brian Kenny and Publisher Ron Shank will retain their current roles, and the editorial staffs of both magazines will remain in New York.

At the same time, according to Paid Content, the staff of Publishers Weekly is currently in a meeting at which they may be learning that magazine’s fate. PW, LJ and SLJ were all part of Reed’s Publishing Group, which has now obviously been dissolved. We’ll have more on this story as the day progresses.