Nielsen closes E&P and Kirkus Reviews, sells other trade papers [Updated]
In yet another blow to the newspaper and publishing industries, Nielsen Business Media will close Editor & Publisher and Kirkus Reviews.
The news accompanied an announcement that Nielsen is selling its other trade publications, including The Hollywood Reporter, Billboard, Adweek and Mediaweek, to e5 Global Media, a new company formed by Pluribus Capital Management and Guggenheim Partners.
Romanesko has the memo sent out by Nielsen CEO Greg Farrar.
Founded in 1901, the monthly E&P chronicled the goings-on of the newspaper industry, from circulation to technology to comic strips. Pre-Internet, the magazine was the source for finding journalism jobs.
The 76-year-old Kirkus Reviews was a well-respected journal for pre-release book reviews, featuring about 4,500 titles a year. It has long been considered an indispensable source for libraries, agents, booksellers, and film and television producers.
No date was immediately given for the closings.
Update: According to an article on the E&P website, staff members will stay through the remainder of 2009.