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Saturday, March 24, 2007

Bob Krakoff's Funeral Information 

Here are the details on Bob Krakoff's funeral, sent to me by a friend. The service is tomorrow in Boston, and I won't be able to make it, but will post my version of a eulogy tomorrow.

Robert Krakoff
Of Boston, MA and Palm Beach, FL suddenly on March 23, 2007 in Boston, MA of an apparent heart attack. Beloved husband of Sandra Gusky Krakoff. Adored father of Roger (Lisa), Hope (Wendy) and Reed (Delphine). Cherished grandfather of Alexandra, Sophie, Justin, Lily, Helen, Oscar and Maude Krakoff. Son of Della and the late Frank Krakoff. Services will be on Monday, March 26, 2007 at 10 AM at Temple Israel, 477 Longwood Ave, Boston, MA. Parking on the Riverway. Donations in his memory may be made to Brigham and Women's Hospital, Development Office, 116 Huntington Ave, Boston, MA 02115. Chairman and CEO of Nielsen Business Media, New York. He graduated magna cum laude from Pennsylvania State University and received an MBA from the Harvard Graduate School of Business. He was a member of Belmont CC, Palm Beach CC, the Lotos Club, the Harvard Club of Boston & New York, the University Club of Boston and the Core Club. He was loved and respected by all who knew him. Stanetsky Memorial Chapel www.stanetsky.com 1-800-842-4280


And here's a link to an extended piece by the Hollywood Reporter on Bob:

Nielsen president, CEO Bob Krakoff dies

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Friday, March 23, 2007

CONFIRMED: I Think Bad News Is On the Way 

I hear that some bad news about a major b2b media executive is coming. If it's true, I'm deeply saddened.

[UPDATE] Given the amount of inbound Google inquiries my blog is getting, querying just a name, I think it's true, but won't post details, or my thoughts, until official notice is out.

[UPDATE TWO] Nielsen Business Media chairman and ceo Bob Krakoff died last night. My thoughts and prayers to him, his wife and family. I'll post my thoughts on Bob, a man I admired and liked, soon, and also my thoughts on what this means for Nielsen Business Media.

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Thursday, March 22, 2007

The Emerging Muslim Magazine Market 

Our client Religion News Service, which is the only independent news wire covering the religion beat, has an interesting story on the emergence of Muslim-targeted magazines in the U.S.

A key observation, made by Muslim Girl editor-in-chief Ausma Khan: "One of the great untold stories here is that the American Muslim market is where the Hispanic market was five years ago, on the verge of major break-out, and there's enormous potential to market to this audience."

But of course, the realities of print publishing abound:

The magazines have something in common with many others in print: financial pressures.

"Like any magazine we've been on the brink of collapse several times in the last few years," said [Firas] Ahmad, the [senior editor of ]Islamica.... But Islamica's chances of surviving, he added, improved with the recent arrival of a publisher and a switch to a nonprofit model.

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ALM + $1 Billion + A Little Froth = Yours 

Crain's New York Business reports that Wasserstein & Co. has retained Credit Suisse to possibly sell ALM (formerly American Lawyer Media), "valued by analysts at close to $1 billion."

Key grab:

"The market's pretty frothy right now," said Reed Phillips, managing director at Desilva & Phillips. "The company's probably in a good position to go to market. It's hitting on all cylinders in how it's performing."

The official press release is here.

Of course, The Telegraph (UK) had the story back in November, which elicited a weak denial:

Asked about a possible sale of ALM, Anup Bagaria, vice chairman of Wasserstein & Co, said: "We are not sending a book out on ALM and we are not running an auction process. We have talked to people about the company. If the right price came along, we could sell."

ALM is a terrific, well-led company. I had the pleasure of working with them on a project for Richmond Events, and I was impressed by what I saw. I'm sure potential buyers will be as well.

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Monday, March 19, 2007

What Can David Nussbaum Do With $100 million? 

Former Penton Media CEO David Nussbaum has hooked up with ABRY Partners to launch Sundance Business Enterprises, which plans "to invest in business-to-business media, services, and vertically focused online companies."

According to the press release, "ABRY Partners has committed $100 million of equity capital to this venture which should approximate at least a half billion dollars in transaction value."

That's a lot of scratch.

As you know, I think David is a quality guy, who did yoeman's work in saving Penton Media from extinction. It'll be great to watch what he can do without having to worry about onerous debt loads and fickle public markets.

I'm sure the M&A guys are smiling--no slowdown in sight for b2b media transactions.

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