Jason Fell and Dylan Stableford of Folio magazine report that Nielsen Business Media has made editorial cuts in its publications such as Adweek and Mediaweek.
Fell and Stableford write, “A Nielsen Business spokesperson told FOLIO: that ‘some positions were eliminated today at Nielsen as part of our ongoing, previously announced restructuring effort,’ but would not confirm the exact number of layoffs nor the departments in which the cuts were made.
“One source indicated that some of the layoffs were scattered across editorial departments of Adweek, Brandweek, Mediaweek and the Hollywood Reporter. As many as three dozen jobs were eliminated, the source said.
“According to financial statements released late last month, Nielsen reported overall revenues of $4.7 billion in 2007, an increase of about seven percent over the previous year. The company’s total debt, however, was $8.25 billion on December 31, with cash balances of $399 million.”
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