Nielsen Business Media will stop publishing the trade magazines. One covers the newspaper industry; the other reviews books.
Dec. 11, 2009 (Los Angeles Times) -- The ever-shrinking world of print journalism shrank a little more Thursday.
Editor & Publisher, a magazine that for a century chronicled the rise and now decline of the U.S. newspaper industry, fell victim itself to the wrenching changes on the media landscape. Its owner announced Thursday that it would cease publishing at the end of this year.
Founded at the turn of the 20th century when William Randolph Hearst and Joseph Pulitzer were bitter rivals in the competition to build big city newspapers, E&P began a struggle to survive at the turn of the 21st century as print advertising peaked and the Internet disrupted journalism's business model.
In the course of selling off several trade publications including the Hollywood Reporter and Billboard, a division of Nielsen Co. decided to cease publishing E&P and Kirkus Reviews, a pre-publication book review magazine.
E&P Editor Greg Mitchell held out hope for a white knight to rescue his magazine. But like a doctor diagnosing his own terminal illness, he laid out the bleak scenario that led to E&P's demise.