Planners complaining of receiving too many publications may see their reading list thinned out dramatically over the next several months.
Penton Media filed for bankruptcy protection on Feb. 10 and submitted a “pre-packaged” Plan of Reorganization to eliminate $270 million of the company’s debt. Penton Media publishes such titles as Medical Meetings, Financial & Insurance Meetings, Corporate Meetings & Incentives, Special Events, Association Meetings and Religious Conference Manager magazines as well as MeetingsNet.com. As of press time it was unclear which titles would be affected by the restructuring.
On March 1, Five Nielsen titles catering to business travel and the meetings industry were acquired by Northstar Travel Media, publishers of Meetings & Conventions magazine. The purchased brands include Business Travel News, Successful Meetings, Meeting News, Incentive magazine and the Web site MiMegasite.com. For the short-term, the titles will be kept in print, but the company plans to integrate staff and eliminate some personnel as they reposition the brands.