Beckman Denies Plans To Sell Former Nielsen B2B Mags

Richard Beckman

Prometheus Global Media CEO Richard Beckman is denying that the company is considering selling the b2b publications it bought from Nielsen over a year ago, Cutline reports.

The denial was in response to a NY Post item that cited unidentified sources as saying The Hollywood Reporter, Adweek, Billboard and Backstage were being put on the block.

The rumors were probably swirling in regard to the big changes coming next month to the Adweek Group of magazines.

In a memo, Beckman, who was part of a group of investors that paid an estimated $80 million to buy the publications, told staffers the NY Post story was false. “April sees the reinvention and rebirth of the Adweek franchise,” Beckman’s memo said. “Last year was a strong year for the Adweek business, which achieved ad revenue growth of 24.5%, and on April 18th we will accelerate this progress with our re-launch of Adweek Media in print and digital to create a strong voice for this incredibly dynamic industry.”

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