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Monday, 5th April 2010

Serials: Publisher's Weekly Acquired, New Ownership Led By Former PW Publisher

From Publisher's Weekly:

Publishers Weekly has been acquired by PWxyz, LLC, a newly formed company headed by one-time PW publisher George Slowik. The acquisition includes the Web site publishersweekly.com and Publishers Weekly Show Daily. 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.

A bit more from the NY Times.

Publisher's Weekly was owned by Reed Business Information-U.S.

Now info about how much money PWxyz, LLC paid for PW.

At the beginning of March, 2010, Library Journal and School Library Journal were sold by Reed Business Information-USA to Media Source Inc. of Ohio.

Source: PW, NY Times, News Release


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