Nielsen Shutters 36-Year-Old Radio & Records
Performing Songwriter, another Nashville-based title, folds too.
Nielsen Business Media has shuttered 36-year-old Nashville-based weekly trade title Radio & Records and its accompanying Web site. About 30 layoffs were associated with the closing.
Staffers were notified of the closing by publisher Howard Appelbaum during a â€śTown Hallâ€ť teleconference on Wednesday. Appelbaum said the closure was a â€śtough decisionâ€ť but that R&Râ€™s â€śmacro didnâ€™t work.â€ť
â€śThe radio industry has undergone considerable consolidation in recent years,â€ť a Nielsen spokesperson wrote in an e-mail to FOLIO:. â€śIn response, Nielsen Business Media has determined that the best way to deploy its resources in support of the industry is to consolidate its music brands.â€ť
The spokesperson said certain parts of R&R, such as airplay charts, would be folded into sister publication Billboard.
Nielson, formerly VNU, acquired Radio & Records in 2006.
The publisher Wednesday also laid off about 10 staffers at The Hollywood Reporterâ€”the magazineâ€™s fourth wave of cuts since the beginning of the year, the spokesperson confirmed. Among the cuts were associate publisher Rose Einstein.
Another well-regarded Nashville-based music magazine, Performing Songwriter, folded this week. Founder and publisher Lydia Hutchinson said she decided to close the 16-year-old title â€śat its peak.â€ť
With a 55,000 circulation, the June issue will be its last.