Schofield Media Group shuts down

By Kate Maddox

Chicago—Schofield Media Group, which publishes Construction Today, Manufacturing Today and other b-to-b magazines, will shut down its U.S. operations after unexpectedly losing its bank funding, according to President-COO Brian Reshefsky.

“Wells Fargo [Schofield's lender] gave us no explanation. They pulled our funding [July 15],” Reshefsky told BtoB.

Employees were notified about the closure when they came to work on July 18.

The company's U.K. properties, including Schofield Publishing U.K. and Schofield Healthcare Media, are not affected.

Originally posted on: 7/20/11

Comment

As digital options increase, so do challenges

The theme of American Business Media's Annual Conference, held last week in San Francisco, was “The Customer-driven Future.” The presenters and panelists at the conference focused on the methods that b-to-b media companies could use to derive more revenue from their readers—especially their digital ...

Gregg Hano
Senior VP-corporate sales,
Bonnier Corp

New Mag+ CEO sees b-to-b publishing opportunity

Digital Directions: What will be your first steps at Mag+?
Gregg Hano: My first steps are going to focus on two things. One is the product, and keeping the product strong and continuing to innovate. And then (second) is sales, continuing to grow the number of users,...

Digital Publishing
Ancillary Revenue
Sales & Marketing
Marketing Services
M&A
Events
Media Industry Stats
Production
Audience Development
People

LOG IN

CLOSE
E-mail:
Password:
    

Forgot your password?

New to Media Business?
Click to register for full access.