MAIN NEWS HEADLINES
March 4 – March 11, 2010 Edition
Reed Sells Library Journals, Retains PW
NEW YORK, NY/AUTHORINK NEWS/03/03/10–Reed Business Information, which also owns Publishers Weekly, this week sold three of its properties to Dublin, Ohio-based Media Source.
Media Source has added Reed’s Library Journal, School Library Journal, and Library Hotline to its growing list of library services. The company already owns Horn Book and Junior Library Guild. The sale does not include Publishers Weekly.
According to acting RBI CEO John Poulin, who made the announcement, “Most of our colleagues at these brands will become employees of Media Source,” according to a PW report.
Ron Shank, who has served as group publisher of Library Journal, School Library Journal, and Library Hotline, will move to the new company, as will Brian Kenney, editorial director, and will immediately shed their responsibilities at PW.
Jeff DeBalko, president of Business Media at Reed Business, has named Cevin Bryerman, former associate publisher at PW, to succeed Shank as PW publisher. Jim Milliot and Michael Coffey, formerly business and news director and executive managing editor, respectively, will now serve as co-editorial directors.
Staffs at Library Journal, School Library Journal, and Library Hotline, will remain in the current location at 360 Park Avenue until the transition is complete.
Bryerman, who has been with the company for 22 years, said, “Everything at PW will proceed business as usual and I am committed to PW going forward.” Milliot and Coffey have nearly 40 years between them at PW. Coffey said, “This is a more exciting time than some might think. We are looking at this as an opportunity and remain committed as ever.” Added Milliot, “We are determined to keep PW a vital source of information, news and reviews for the book industry.”