21 May 2006

Off before the September axe....

IT publishing's eight hundred pound gorilla, VNU, which by the seems of things couldn't sell a Steve Jobs signed iPod at an Apple convention, is seeing staff evolve from the jungle ahead of its traditional September monkey cull.

The serial 'right-sizer' has waved goodbye to Chris Green, Computing's very own eight hundred pound gorilla, and Iain Thomson, the dry-witted ex-PR. Both have joined a 'top secret' venture at Dennis Publishing that everyone's talking about (well, straight after who'll win the world cup, Theo Walcott's girlfriend, the price of bacon, what's on telly tonight and the controversy surrounding Britain's adoption of the Gregorian calendar).

Is Dennis paying more peanuts? Or is it that Mike Magee is driving them bananas since his arrival at VNU, after the 'world's leading database company' bought The Inquirer (it can do that bit of trading capably enough) and its excellent Gutterwatch.

Either way hundreds of AEs will be having to update their Excel spreadsheets - ahem, advanced news release distribution platforms - jolly soon. Heck, that'll be a busy afternoon for them.

1 comment:

Anonymous said...


VNU owners plan disposal
By Andrew Edgecliffe-Johnson, FT

Published: September 27 2006 03:00 | Last updated: September 27 2006 03:00

The new private equity owners of VNU are planning their first large-scale disposals since winning a €7.6bn ($9.7bn) battle to take control of the Dutch publisher in June, by putting itsEuropean business magazines and trade shows on the market.

The group has appointed Goldman Sachs and The van Tulleken Company, a specialist in publishing mergers and acquisitions, to find buyers for 70 magazines and70 exhibitions with combined revenues of about €235m.