Advertising Downturn and Sale
In 2008, faced with a decline in advertising support, Reed's management sought a new direction. In January 2009, Sara Nelson was dismissed along with executive editor Daisy Maryles, who had been with PW for more than four decades. Stepping in as editorial director was Brian Kenney, editorial director of School Library Journal and Library Journal. The dismissals, which sent shockwaves through the industry, were widely covered in newspapers.
In April 2010, George W. Slowik Jr., a former publisher of the magazine, purchased Publishers Weekly from Reed Business Information, under the company PWxyz, LLC. Cevin Bryerman remained as publisher along with co-editors Jim Milliot and Michael Coffey.
On September 22, 2011, PW began a series of weekly podcasts: "Beyond the Book: PW's Week Ahead".
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Famous quotes containing the words advertising and/or sale:
“The susceptibility of the average modern to pictorial suggestion enables advertising to exploit his lessened power of judgment.”
—Johan Huizinga (1872–1945)
“[T]he dignity of parliament it seems can brook no opposition to it’s power. Strange that a set of men who have made sale of their virtue to the minister should yet talk of retaining dignity!”
—Thomas Jefferson (1743–1826)