Saturday, April 17, 2010

Week in Review

Short reads on a Saturday morning:

• Finally the iPad turns out not be the big story this week; the bad news is that Reed Business Information is.
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Everyone who has been in B2B publishing knew RBI would eventually announce some closings. But yesterday's announcement was startling, nonetheless. RBI is closing the 23 remaining titles because they could not find buyers -- of course, now buyers will be tripping over themselves trying to pick up these venerable titles on the cheap.

The titles involved are Building Design+Construction, Chain Leader, Construction Bulletin, Construction Equipment, Consulting-Specifying Engineer, Control Engineering, Converting, Foodservice Equipment & Supplies, Graphic Arts Blue Book, Graphics Arts Monthly, HOTELS, Logistics Management, Material Handling Product News, Modern Materials Handling, Plant Engineering, Professional Builder, Professional Remodeler, Purchasing, Restaurants & Institutions, Semiconductor International, Spec Check, Supply Chain Management Review and Tradeshow Week. (I already have my list of magazines I'd buy picked out -- what about you?)

In that list above is Modern Materials Handling, the title that Norman Cahners built his empire around.

• Shutting down magazines, then selling off the assets, is popular right now in B2B. A few weeks ago Cygnus Business Media sold off two shuttered titles -- Wood Digest and Finishing magazines -- to Ross Scovotti, a former rep on the books, and Jay Schneider, the former publisher. This week Scranton Gillette Communications picked up some titles Vance Publishing had shuttered in February -- Furniture Style, Home Fashion Forecast and Design & D├ęcor magazine. SGC had previously picked up the shuttered titles Residential Lighting and Hospital Lighting from Vance.

• Both Gannett and Google announced their Q1 results. Gannett revenue declined and their stock rose; Google revenue jumped 23 percent and their stock fell -- go figure.

• Not many iPad media apps were released this week as most developers are still working on their apps now that they have actual iPads in their hands. You can find some thoughts on the follow apps, though: ABA Journal, the iPhone app from the Honolulu Advertiser, Interview magazine's iPad app, and CourseSmart's textbook app.

• Twelve major broadcasters are getting together to form a joint venture that will move mobile broadcasting forward. The firms involved are Belo Corp., Cox Media Group, E.W. Scripps Co., Fox, Gannett Broadcasting, Hearst Television Inc., ION Television, Media General Inc., Meredith Corp., NBC, Post-Newsweek Stations Inc. and Raycom Media.