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Financial Week is possibly the worst publishing name to have right now: covering the battered financial industry on an oh-so-pointless weekly cycle, in legacy print. So Crain’s, that curiously secretive family-held B2B media company, has decided to close the print version of FW, and will exist online only. The Dec. 7 issue is the last, the company announced. The website will continue, but no word about any layoffs as a result. More when we find out.
Meanwhile, Crain’s is probably looking hard at its portfolio of about 30 magazines in various B2B sectors, and in its “Advertising and Media” division, I can think of two out of the four that logically should be online only. Of course, its automotive trade division is probably hammered as well. Will the Crain brothers finally change their mind and start thinking about strategic options in the medium term?