Nielsen Unloads Four More Titles

Stagnito Inc has acquired four food magazines from Nielsen Business Media, Folio: reports.

The deal includes Convenience Store News (which turns 40 this year), Progressive Grocer, The Gourmet Retailer and Convenience Store News for the Single Store Owner.

CEO Harry Stagnito told Folio: he plans to continue publishing all four titles and in fact hopes to increase the frequency and circulation for both Progressive Grocer and Gourmet Retailer. The company’s also going to beef up all four titles’ online presence, host virtual tradeshows and expand into a custom media support division.

Nielsen is trying to get out of the magazine business, and hasn’t been doing too badly on that front: it owns just a few remaining titles, many in retail and home design.