Ohio-based Media Source Inc. announced this morning it has purchased Library Journal and School Library Journal magazines, part of the Reed Business Information empire.
Reed placed Publishers Weekly, Library Journal, School Library Journal and other publications on the block in July following an earlier unsuccessful attempt by parent company Reed Elsevier to sell its entire magazine-publishing division. The global publisher also owns Reed Exhibitions, which produces New York Comic Con, BookExpo America and Chicago Comic & Entertainment Expo.
Shortly after news of the sale was released, Publishers Weekly announced Jim Milliott and Michael Coffey as co-editorial directors and Cevin Bryerman as the new publisher. Brian Kenney will continue to edit LJ and SLJ under the ownership. Ron Shank, Reed's former group publisher, will serve as publisher of the two magazines.