Via press release: PUBLISHING NEWS, The book trade weekly, is to cease publication. The issue of Friday July 25th will be the last. The publication, founded in 1979, has been hit by the same problems that have affected all magazines and newspapers, as advertisers have shifted increasing proportions of their spend to online and direct sales.
The closure has entailed a number of redundancies, particularly on the editorial side, where over the years PN’s innovative approach has set the highest standards in the reporting, analysis and interpretation of events in the publishing industry. All other activities of PN Ltd “are unaffected by the closure of Publishing News”. The company will continue to organise the British Book Awards and has recently signed a new two-year contract with its headline sponsor, Galaxy.
Martyn Daniels’s take is here.
Here is what the Bookseller has to say, but it is basically the same as the PN press release.