Reed Business Information – US has made yet another divestiture.
Publishers Weekly has been acquired by PWxyz, LLC, a newly formed company headed George Slowik Jr. Slowik was publisher of Publishers Weekly from 1990-1993 (resumé). The acquisition includes the Web site publishersweekly.com and Publishers Weekly Show Daily.
Publishers Weekly website reports, “The new company will retain all of PW’s editorial, art, and advertising employees and the magazine will remain headquartered in New York City. Cevin Bryerman will stay as publisher with Jim Milliot and Michael Coffey serving as co-editors. Slowik ran PW in the late 1980s and early 1990s, leading the publication to record profits despite a poor economy.”
Aprox. Value: Undisclosed
Previously reported on Fusion DigiNet
- Sandow Media acquires Interior Design and Furniture Today from Reed Business Information-US Posted on March 19, 2010
- Reed Business Information-US sells School Library Journal and Library Journal to Media Source Posted on March 1, 2010
- Canon Communications acquires design engineering media properties from RBI-US Posted on February 16, 2010: Updated on March 1, 2010.
Acquirer: PWxyz, LLC
Location: USA, New York, NY
Region: North America
Contact: George W. Slowik, Jr.
Website: http://georgeslowikjr.com
Vendor: Reed Business Information – US
Vendor Web: http://www.reedbusiness.com/us.html
Business Sold: Publishers Weekly
Business website: http://www.publishersweekly.com
Location: USA, New York, NY
Region: North America
Description: Business-to-business information provider, with more than 80 market-leading publications and Websites, as well as a range of services
Category: Media Owner, Publisher
Contact: John Poulin, Chief executive Officer
Link: Publishers Weekly Annoucement
Advisers: JEGI represented Reed Business Information-US JEGI Press Release
FDN Database Reference: F231109-377
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