The Nielsen Co. is selling some of its most prominent trade journals — including The Hollywood Reporter and Billboard — and shutting down Editor & Publisher, which has chronicled the newspaper business for 125 years.
NEW YORK (AP) — The Nielsen Co. is selling some of its most prominent trade journals – including The Hollywood Reporter and Billboard – and shutting down Editor & Publisher, which has chronicled the newspaper business for 125 years. (Editor & Publisher was launched in 1901 but traces its history to 1884 — it merged with the magazine The Journalist, which had started on that earlier date.)
In all, Nielsen is selling eight titles to e5 Global Media LLC, a new company formed by private equity firm Pluribus Capital Management, and Guggenheim Partners, a financial services company. Nielsen said James Finkelstein, who founded Pluribus this year with George Green and Matthew Doull, will serve as e5’s chairman.
Along with Editor & Publisher, the company is also shuttering the book review title Kirkus Reviews. The two publications have 18 employees combined. Nielsen would not reveal details about the financial performance of E&P or Kirkus.
Spokesman Gary Holmes said Nielsen is still reviewing its properties to make sure the company is focused on businesses with “the highest potential for growth.”
Nielsen is keeping a handful of other media properties, including Contract Magazine and Progressive Grocer.