retail news in context, analysis with attitude

Trade magazine publisher Stagnito Media reportedly has acquired print publications Progressive Grocer, Convenience Store News, and several guidebooks from the retail food group of Nielsen Business Media.

Terms of the deal were not disclosed.

In a prepared statement, Harry Stagnito, president/CEO of the company, said: “We’re excited about re-entering the food industry with the acquisition of such highly recognized and respected food media brands and related products. Our goal is to introduce a new business model to the food market to take advantage of the trend towards targeted and measurable integrated media.”
KC's View:
I have to be a little careful here, because these magazines are at least nominally my competition and I want to be generous of spirit. (I also used to work for the guys who owned Progressive Grocer about four or five owners ago...running the editorial side of the video division that produced the Retail Insights videos. Those were the guys who dumped the video division and showed no interest in the then-nascent internet because they thought run-of-press magazine advertising was the future. I think they all may be unemployed now. Which is at least a kind of justice.)

For their sake, I hope that the Stagnito folks are serious about integrated media. Because my sense of this transaction is that Nielsen folks wanted to get out of the dinosaur business, which is how a lot of people view print publications.