Tuesday, March 29, 2011

Morning Brief: TheStreet.com teams up with Journal Register Co.; Guardian to announce US editor; RBI closes Computer Weekly magazine, sells site to TechTarget

The Journal Register Co. will partner with TheStreet.com to share business news resources the two companies announced yesterday. The deal will call for business website to share national business news with the newspaper chain, while the Journal Register properties feed in local business news into the national web property.

The Journal Register owns daily newspapers such as the New Haven Register and The Oakland Press in Pontiac, Michigan.
The newspaper company also had an announcement for this morning: Jim Brady, who helped launch the hyperlocal news site TBD, and a executive editor at washingtonpost.com, has joined the company to "to lead the Digital Transformation of all of its newsroom on all platforms," according to a statement.

“Jim has a deep understanding of how the audience both creates and consumes news and information in the digital world. The debate of bloggers vs. journalists or citizen journalists vs. professionals is now over. The new business models of news demand we understand and incorporate both. Jim has been at the very forefront of that debate and is a leader in implementing solutions,” said John Paton, Chief Executive Officer of Journal Register Company.

Guardian editor-in-chief Alan Rusbridger told Yahoo's The Cutline news blog that his company will soon be announcing the appointment of a New York based editor as part of its new strategy to attack the US market. The effort "will be significantly larger than anything we've done in the states before," Rusbridger told The Cutline.

Rusbridger was also asked about his views concerning the NYT's new metered paywall -- Rusbridger has been consistently on record as being a skeptic. "I can't see anywhere in world that's tried charging [online] for general news that has made a go of it in the sense that you get enough people and enough money to make up for the loss of influence," he said, but said his views could change it the new paywall proves a success. "...I don't think any of us can be in a completely entrenched position."

Newton, Mass.-based TechTarget announced it has signed an agreement with Reed Business Information to acquire the UK IT websites ComputerWeekly.com and MicroScope.co.uk. The deal will result in the closing of the print edition of the 135,000 circulation weekly.

“ComputerWeekly.com and MicroScope.co.uk strengthens TechTarget’s already high quality audience and substantial reach into senior IT decision makers in the UK,” Bill Crowley, senior vice president of international, TechTarget said in the company's announcement.

RBI's US division divested itself of the majority of its B2B titles, representing about 45 percent of its revenue. Properties such as Publishers Weekly, Broadcasting & Cable and others were sold off between November 2009 and April 2010. The US division of Reed Elsevier then closed the remaining properties, though quite a number of the titles later were resurrected by their publishing teams, though the results have been a mixed bag so far. RBI chose to retain Variety and a number of data companies including Reed Construction Data.