Steve Weitzner: President & CEO, CMP Media
Weitzner streamlined and consolidated CMP’s print publications, while expanding and diversifying the company’s online and live event offerings.
Since Steve Weitzner took over as CMP Media’s president and CEO in September 2005, he has guided a quiet transformation of the once troubled tech publisher, which experienced a major revenue decline in the first half of this decade. Under Weitzner’s watch, the U.S. publishing unit of U.K. parent United Business Media has made a series of Web and event acquisitions, and at the same time shut down poor-performing magazines and put its entertainment group on the block.
Over the past few months, the company has shuttered four technology-related print publications, C/C++ Users Journal, IT Architect, Secure Enterprise and Software Development. Weitzner also has helped CMP broker several acquisitions designed to add more Web-based businesses and live events to its roster.
"Our strategy also includes organic investment, identifying innovative ideas, extending our current platforms and honing our focus by moving out of some segments," Weitzner says.
Before he became CEO, Weitzner, who replaced Gary Marshall last fall, held several editorial and publishing positions, including chief operating officer, at CMP. Before joining CMP, Weitzner worked as an editor at Hearst Business Communications and McGraw-Hill.
Since last spring, CMP has acquired six Web or event-centric media companies, including Light Reading and MediaLive International’s Technology Media Group, for which CMP paid $65 million in January to acquire its assets. CMP will continue to complement its print offerings with the addition of more online portals and sites, as well as new live events, says Weitzner. l
VITAL STATS: In the past several months, CMP Media has shut-down four magazines, revamped two of its print titles and launched two new print titles. It also has acquired six companies to grow and diversify the company’s Internet, event and conference offerings.