Video Business magazine shuts down
Jan. 4 issue was the magazine's lastAnother trade paper has bit the dust.
This time it is the weekly Video Business, which announced on its Web site on Wednesday that its Jan. 4 issue is the magazine's last.
Video Business has been chronicling the home video business for 29 years, beginning at about the time when VHS was ending its format war with Betamax. Six staffers will lose their jobs.
In its online announcement, Video Business said its owner, Reed Business Information, which also publishes Daily Variety, said the closure is "part of a larger, ongoing strategy to divest itself of most of its business-to-business publications in the U.S."
Reed also is closing two other magazines, Manufacturing Business Technology and Industrial Distribution.
The end of Video Business leaves Home Media Magazine as the lone print product covering the entertainment segment. Thomas K. Arnold, publisher and editorial director of Home Media Magazine, called the closure a "tremendous loss for our industry."
Reed competitor Nielsen Co. also has been rejiggering its portfolio of trade papers. It recently shut down Editor & Publisher and Kirkus Reviews and sold eight others, including The Hollywood Reporter and Billboard, to e5 Global Media.
Calls to Video Business on Wednesday weren't immediately returned.