By now, you've probably heard that Penton Business Media, parent of Electronic Design, has filed bankruptcy. You may be wondering what this means.
The publication titles Penton has will continue to operate. No one will be laid off. That's the good news. It's also the bad news.
Penton has done very little to enter the 21st Century of communications. It's still reliant on the old horses of advertising, direct mail and events. I'm glad that good journalists like Dave Maliniak still have jobs but without a new infrastructure, Penton will not be able to compete in the global marketplace.