PW Buyer Outlines Vision

Proving the many nay-sayers in the press wrong, Reed Business has found a buyer for Publishers Weekly.

The new owner, George Slowik, is familiar to several on the PW staff; he was the publisher from 1990 to 1993.

Slowik outlined his vision for the magazine in interviews with Crain’s New York Business and the New York Times “Media Decorder” blog. He plans to digitize the PW archives, particularly the reviews (which now go back to 1997). The magazine licenses its current reviews to various companies such as Amazon and book wholesalers; he sees an opportunity in the older reviews when Google clears the way to publishing digitized OP titles. He also plans to sell versions of the magazine in other languages, using Google’s translation tool and some human intervention, to further reach the international audience.

He did not directly address whether the magazine would continue as both a print and digital publication, but presumably it will, since he said that all art and editorial staff will make the transition, as well as sales staff.

The magazine will be transferred to the new ownership beginning June 1 (UPDATE: The new ownership is effective immediately. Publishers Weekly will be moving to new offices effective June 1).

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