Nielsen closes <i>E&amp;P</i> and <i>Kirkus Reviews</i>, sells other trade papers [Updated]

In yet another blow to the newspaper and publishing industries, Nielsen Business Media will close Editor & Publisher and Kirkus Reviews.

The news accompanied an announcement that Nielsen is selling its other trade publications, including The Hollywood Reporter, Billboard, Adweek and Mediaweek, to e5 Global Media, a new company formed by Pluribus Capital Management and Guggenheim Partners.

Romanesko has the memo sent out by Nielsen CEO Greg Farrar.

Founded in 1901, the monthly E&P chronicled the goings-on of the newspaper industry, from circulation to technology to comic strips. Pre-Internet, the magazine was the source for finding journalism jobs.

The 76-year-old Kirkus Reviews was a well-respected journal for pre-release book reviews, featuring about 4,500 titles a year. It has long been considered an indispensable source for libraries, agents, booksellers, and film and television producers.

No date was immediately given for the closings.

Update: According to an article on the E&P website, staff members will stay through the remainder of 2009.

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