I've been waiting for this one.
Earlier this year, it was announced that Penton Media had been acquired by Prism Media. Then a private equity investment fund sponsored by Wasserstein & Co., LP, and co-investors bought both and merged them into the largest b2b media company in the US. Since then, the staff at all Penton pubs has been waiting for what was going to happen. Yesterday, Penton announced that EEPN magazine will shut down after the July issue and its staff will combine with the Electronic Design editorial team. Mark David, most recently the editor in chief of Electronic Design, has been named the group editorial director. Joe Desposito will take over David's role at the helm of Electronic Design after serving as the editor in chief of EEPN. That's good news on the component side of the tech biz. Joe is one of the best.
The bad news is that that's one less magazine to work with. What do we have left for components? ECN, Electronic Products and the EE Times Product Section. Since 2002, we've lost almost 50 percent of the publications and 80 percent of the editorial staffs.
So, yeah, it's been pretty depressing the past few weeks, but stay tuned. Over the next couple of weeks we'll be posting interviews with the published of one of the few continually successful daily newspapers in the country and the ever positive Alix Paultre of Electronic Products.
Have a good weekend. As Dan Rather used to say, "Courage."