Editor & Publisher has received a lifeline-from a boating magazine publisher.
As reported by FOLIO, two weeks after being closed by Nielsen Business Media, the nearly 130-year-old newspaper industry magazine was acquired Thursday by Irvine, California-based Duncan McIntosh Co. Inc. The February issue will be its first under new ownership.
"Such a critical information source for a newspaper industry so desperately in need of help should not go away," McIntosh said in the announcement, which was posted to the Editor & Publisher Web site. "I've been a reader of E&P over the course of 30 years and know its incredible value to readers and advertisers."
Duncan McIntosh Co. Inc.'s stable of boating publications, include Boating World, Sea Magazine and The Log newspaper.
Editor & Publisher's former editor-at-large, Mark Fitzgerald, will serve as editor under the new ownership. Charles McKeown will continue as publisher.
Nielsen closed Editor & Publisher, along with sister publications Kirkus Reviews, last month after it announced the sale of eight media/entertainment brands-including Billboard and The Hollywood Reporter-to e5 Global Media, a new company formed by private equity firm Pluribus Capital Management and financial services firm Guggenheim Partners.