Financial Week Breaks the Bank
Thursday, December 11, 2008
Amy Novak

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It was announced today that Crain's Financial Week published its last print issue on Dec. 7. In a released statement, Nancy Adler, publisher of Financial Week, stated that their site traffic has "grown dramatically...Increased focus on the Internet  allows us to more efficiently deliver corporate finance news and analysis. This means more breaking news, more interviews and more in-depth coverage of the capital and credit markets."

As reported by Paidcontent.org, there is no word on any staff cuts or layoffs as of now.

Jeff Reinhardt, Managing Director, Berkery Noyes & Co. talked to min's b2b about the folding: "Crain's has probably made a prudent decision. With ad pages falling and the financial sector in the worst condition in decades the economics of keeping the print product alive - especially on such a frequent basis doesn't make sense. When the markets settle and if the need arises, the franchise can always bring a print edition back to the marketplace. Typically the market will tell you what it wants - and what it will support financially."

Financial Week picked up two 2008 Neal Awards this year, for best issue and best news coverage for its early coverage of the corporate credit crunch. Its estimated circulation was 55,619.

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

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