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After 125 years of covering the newspaper industry Editor & Publisher will cease publication.
From the Washington Post
The journal of record of the newspaper industry and a 76-year-old book review were told on Thursday to shut down, becoming the latest casualties of last-century media cut down by the Internet and user-generated content.
Editor & Publisher, which has covered the newspaper industry since 1884, and Kirkus Reviews, which has reviewed books since 1933, did not survive a big sale of magazines by their parent company, the Nielsen Co. In addition to shutting down E&P and Kirkus, Nielsen is selling publications including Adweek, Mediaweek, Backstage, Billboard and the Hollywood Reporter, the company said on Thursday.
The buyers are Pluribus Capital Management, a group that includes James Finkelstein, owner of the Hill newspaper, and the deal’s financial backer, Guggenheim Partners. The purchase price was not disclosed.
“We’ve been aware of the rumors about the sale for the past month, and some of the reports had us included . . . and in others we weren’t mentioned at all,” E&P editor Greg Mitchell said in an interview Thursday. “We thought there was a good chance we’d be included but we also didn’t think that if we weren’t included we’d be folded the same day. . . . This really was quite a surprise.”
Mitchell said it is unclear at this point whether E&P’s next issue, scheduled to be put to bed a week from Tuesday, will be published. He said he received “hundreds, maybe thousands” of e-mails of support, condolence and outrage. In 2004, E&P switched from weekly to monthly publication while amping up its Web site. Mitchell said that E&P recently won an award as Nielsen’s best magazine and that the site averaged about 500,000 unique viewers per month. It has a staff of about 10 and made money until fairly recently, Mitchell said.
The demise of E&P only underscore just how bad things are in the newspaper industry. While the erosion in newspaper readership and advertising has slowed it continues to claim victims even those that are reporting on the industry and E&P will not be the last publication to fail.
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About the author
Don Irvine is Chairman of Accuracy in Media. He is active on Facebook and Twitter. You can follow him @donirvine to read his latest thoughts.
2 Comments for Another Media Casualty, E & P Shuts Down
Here’s a suggestion: Get some deep pocket conservative law firms to hit liberal monopolies in local markets. If you’re a conservative writer, and the biggest newspaper outlet happens to own a bunch of weeklies and even “alternative” presses, your chances are near zilch to see your words in print. For all their moanin’ and whinin’ about the sins of capitalism, they play the game in some areas just as well, if not better than we do. They don’t hesitate to use lawyers to shove laws down our throats; all we want is fair and equal treatment. OMG, that sounds so progressive.
The industry is suffering because they bowed to leftist and hired only liberal journalists, neither having any integrity or credibility, and now after being exposed for the liars they are, are suffering the consequences. This is good for the industry, as well as the broadcast journalism industry, because no other jobs out there would tolerate the lies or skewing of the facts. Get back to honest journalism, one who reports only true facts and not invented or skewed data or points of view and maybe you might have a chance.