E&P Sold, Will Resume Publication

Editor & Publisher Sold To Duncan McIntosh Co. Inc.

Will Resume Publication In Print and Online

NEW YORK CITY -- Editor & Publisher, the only independent news organization
reporting on all aspects of the transforming newspaper business, will
resume publication in print and online following its sale Thursday from The
Nielsen Company to Duncan McIntosh Co. Inc., the Irvine, Calif.-based
magazine and newspaper publisher.

The announcement came exactly two weeks after the closing of E&P, the
acknowledged "bible of the newspaper industry," which can trace its roots
back 126 years.

Duncan McIntosh said he knew immediately when Nielsen announced in December
the closing of E&P that he wanted to keep the magazine and its digital
newsgathering properties going.

"Such a critical information source for a newspaper industry so desperately
in need of help should not go away," McIntosh said. "I've been a reader of
E&P over the course of 30 years and know its incredible value to readers and
advertisers."

Terms of the transaction were not disclosed.

Charles "Chas" McKeown, who will continue as publisher of E&P, hailed the
sale and the speed and professionalism with which McIntosh and Nielsen
completed the transaction. "Everyone knew what was at stake here," McKeown
said. "Newspapers, which are transforming beyond the printed page to all
forms of digital media, simply could not lose the one place where the
industry could have a conversation with itself and exchange ideas and best
practices for navigating the uncertain waters ahead, exemplified by our
Interactive Media Conference which includes cable, TV, radio and other
media."

Duncan McIntosh Co. Inc. is the publisher of several well-respected boating
magazines and newspapers, including Boating World magazine; Sea Magazine,
America's Western Boating Magazine; The Log Newspaper; and FishRap. The
company also produces the Newport Boat Show in the spring and the Lido Yacht
Expo in the fall. Both shows are held in California.

Mark Fitzgerald, a 26-year veteran, was named as the new E&P editor. He had
most recently served as E&P's editor-at-large.

"I'm of course grateful to Duncan for stepping up to keep E&P alive, and
I've been extremely impressed by the passion and energy he is bringing to
this enterprise," Fitzgerald said. "I'm humbled to be leading a news
organization that I've always believed produces one of the best news reports
of any industry sector."

E&P's new owners announced plans to publish a February print issue and
continue the monthly print publication schedule. Online reporting on its Web
site, http://nielsencomm.net/r/?ZXU=1064840&ZXD=392011931, began immediately
upon the close of the transaction Thursday, as did posting on its two
blogs, the business-oriented Fitz & Jen Give You The Business,
http://nielsencomm.net/r/?ZXU=1064841&ZXD=392011931, and The E&P Pub,
http://nielsencomm.net/r/?ZXU=1064842&ZXD=392011931.