At the beginning of the year, the 76-year-old publishing-industry magazine Kirkus Reviews was saved from the chopping block. A month later, Kirkus has a new owner: shopping-mall mogul Herbert Simon, who owns the NBA's Indiana Pacers.
Despite Nielsen's announced intention to shut down Kirkus Reviews, the magazine will continue to publish pending a sale to a still-undisclosed buyer, according to an internal memo obtained by DailyFinance.
Reed Business Information's attempts to sell off its magazine division have been repeatedly bungled for two years. Now, unable to find a buyer ready to acquire its 50-plus titles as a package deal, RBI will sell some individually, and others will be shut down.
