Friday, February 12, 2010
Media Kirkus To Survive, Latest in Line of Zombie Media Companies
Posted by Henry Stewart on Fri, Feb 12, 2010 at 11:59 AM
Late last year, parent company Nielsen announced that it would close the infamously trenchant magazine, which reviews books pre-publication. But yesterday, the Times reported that Kirkus would be sold instead—to a guy who owns a basketball team! [Record screech] It's true: people who like sports can also read books. Herb Simon, who owns the Indiana Pacers, some shopping malls and a bookstore in Montecito, will keep the publication in print with the current editorial management in place. The lesson? The next time you hear some beloved media company is shutting down, wait a few months before you buy a black armband: there's a good chance it'll be back. (Although Gourmet seems really, really dead.)
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