PostNewswek Tech Media Sale, Layoffs

"PostNewsweek Tech Media to be sold to parent of FCW Media Group." The Washington Post Co. announced it has signed an agreement to sell Government Computer News, Washington Technology, FOSE, Defense Systems, Government Leader and their associated Web sites and assets to 1105 Media, the same company that bought Federal Computer Week earlier this year. (See FishbowlDC's earlier coverage) Although there was concern that 1105 Media would not be able to sustain both Government Computer News and Federal Computer Week (given the overlap in coverage), they say that GCN will not fold, but rather be enhanced so that there is differentiation between the two publications. FCW doesn't delve as deeply into the technology aspect in Government IT as GCN does, but for the past year, FCW has lost lots of quality reporters and editors and there are multiple gaps to be filled. Currently in the Government IT media market there are three publications: FCW, GCN and Washington Technology (granted there are other government IT pubs that focus on State and Local issues, etc.). Will this soon get down to two? Also, with the sale of PostNewsWeek Tech's GCN, Washington Technology, Defense Systems and Government Leader as well as the FOSE program, Tom Temin, Exec. VP of PostNewsWeek Tech and Editor-in-Chief of GCN will not be continuing with the new company. In addition, staff writer Roseanne Gerin was also let go. Overall, most of the current layoffs have been in the production and art departments. Ann McDaniel tells us: We decided to sell because we thought that combining our assets with those already owned by 1105 Media, Inc., presented the best opportunity to grow and develop our products. Many of our employees will likely benefit as a result of this change. Washington Business Journal has more here.

Fishbowl

PostNewswek Tech Media Sale, Layoffs

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