Stagnito Buys Nielsen Business Media’s Food Magazines

grocer_3.10.10.jpgStagnito Inc. has successfully purchased Nielsen Business Media’s food-related titles, including Convenience Store News, Progressive Grocer, The Gourmet Retailer and Convenience Store News for the Single Store Owner.

President and CEO of Stagnito, Harry Stagnito, demonstrates how slow and steady wins the race: “These are properties that I attempted to acquire at different times over the years but was unable to. Under these circumstances, now turned out to be the right time.”

Stagnito says he intends to keep their base of operations in New York and plans to keep all four titles in print as well as expanding each brand across digital platforms.

Nielsen, meanwhile, has been gradually relieving itself of its print titles, including, quite recently, its business-related travel titles.