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The bible of the newspaper industry has been revived. Editor & Publisher announced late Thursday that it has been acquired by Duncan McIntosh Co. Inc., an Irvine, Calif.-based publishers and trade show operator. No terms were disclosed for the sale by Nielsen Business Media two weeks after it closed the 126-year-old magazine. Charles “Chas” McKeown continues as publisher but the staff isn’t coming back intact: 26-year E&P vet Mark Fitzgerald will be editor, not Greg Mitchell.
Duncan McIntosh explained the acquisition in the E&P story: “Such a critical information source for a newspaper industry so desperately in need of help should not go away. I’ve been a reader of E&P over the course of 30 years and know its incredible value to readers and advertisers.” He plans to continue the print schedule; editorandpublisher.com started up again as soon as the deal closed.
McIntosh’s company has a number of outdoor-related publications, including Boating World magazine, and two California-based boating trade shows. It’s a reminder — or should be — that the newspaper industry stretches a lot farther than the major dailies that get so much attention.
I hope it works out. The archives include a lot of my bylines and I often worked with Fitzgerald, so some of it is personal. But E&P has proven to be valuable in these tough times, especially as its staff evolved digitally, and it didn’t deserve the ending Nielsen tried to write.
Update: I caught up with Mark Fitzgerald briefly by phone as he was leaving a dinner with the new owner. Fitzgerald, who will remain based in Chicago, confirmed that most of the staff will be back and praised Nielsen for being accommodating throughout the sale process. E&P will be published from Nielsen’s office for the next three months while the transition takes place. As for the new owner, “Duncan McIntosh came at this with a lot more passion, a lot more energy, and a lot more speed than anybody else.”