Facebook  Twitter  LinkedIn  

Visit min's sister site:
BREAKING NEWS & VIEWS

Nielsen Sells Eight Titles
Thursday, December 10, 2009
Steve Smith

Comment Print Email Article Database Share on Delicious Del.icio.us Digg Digg RSS  Share on LinkedIn Click to share this post on Twitter Reprints
After weeks of speculation and rumors, Nielsen Business Media confirmed this morning that it is selling The Hollywood Reporter, Billboard, Adweek, Brandweek, Mediaweek, The Clio Awards, Backstage and Film Journal International. The buyer is a newly formed company, e5 Global Media LLC. This joint venture includes investment from Pluribus Capital Management and Guggenheim Partners. Pluribus Capital was recently formed by publisher James Finkelstein as a vehicle for managing media companies; Guggenheim Partners is a global diversified financial services firm.

In addition to the titles and awards shows, Nielsen is selling to e5 the Film Expo business that includes ShoWest, ShowEast, CinemaExpo International and CineAsia.

Nielsen claims it remains committed to its remaining fleet of trade shows but that it will continue to look for “the strategic fit of other publications.” Since acquiring these print brands several years ago, Nielsen’s larger analytics and media services businesses always seemed an uncomfortable fit with print publishing.

The companies did not disclose terms of the deal but the transition will begin immediately, and the publications’ operations will remain in their current offices in New York and Los Angeles. The deal is scheduled to close on Dec. 31.

As we report separately today, Nielsen also has shuttered both Editor & Publisher and Kirkus Reviews as a part of this decision.

If you have breaking news to share please contact Steve Smith at ssmith@accessintel.com

COMMENTS
Search Jobs
Media Jobs

App Central

min's App Central (for min subscribers only): Stay on top of mobile app developments with exclusive app reviews, analysis and data.

Please enter the following information to have a link to The Skinny emailed to your iPhone:
min Press

min's Mobile App Report

 View Details
                           

min Presents: The Most Intriguing & Top-Selling Magazine Covers 2007-2010Intriguing & Top-Selling Magazine Covers

 View Details
                           

State of Digital MediaThe State of Digital Media

 View Details
                                                      

                                    Internet Sales            Guidebook

 View Details

All min Press

Inside min This Week
Events Calendar

min's Best of the Web Awards
Event April 3, 2012 at the Grand Hyatt, NYC
Register Today!


min Webinar:
Tablets 2.0: Generating a Revenue Plan for the Tablets Platform
December 8, 2011 1:30-3:00 p.m.
Available on Demand


All Events




min
Free Eletters — Sign up Now
HOME | PUBLICATIONS | AWARDS | EVENTS | TRAINING | E-LETTERS | BOXSCORES | MEDIA JOBS | FREELANCE JOBS | ADVERTISE | SERVICES | SITEMAP | CONTACT US
Copyright © 2012 Access Intelligence, LLC. All rights reserved. Reproduction in whole or in part in any form or medium without express written permission of Access Intelligence, LLC is prohibited. For more details please see Terms and Conditions.