Broadcasting And Cable Magazine For Sale
August 3, 2009 at 4:58 AM (PT)
Trade magazine BROADCASTING AND CABLE is on the block, as parent REED ELSEVIER says that it will sell off some of its American trade portfolio. The company will retain VARIETY, but will sell cable trade MULTICHANNEL NEWS and PUBLISHERS WEEKLY as well as B&C, the pioneering trade for the broadcasting industry that has concentrated on television and regulation in recent decades.
In addition, CEO TAD SMITH is exiting the company, with CFO JOHN POULIN appointed acting CEO.