Parent of American Banker, Bond Buyer lays off 11 percent of staff

Arizent, the parent company of business publications such as American Banker and Bond Buyer, laid off 27 staffers at the end of last week, multiple sources confirmed to Talking Biz News.

The cuts bring its headcount to 206, so it essentially cut 11.5% of its staff.

The cuts were across the board from editorial, to conference programmers, sales staffers, and general office support roles. Among the editorial staffers cut was Charles Paikert, a senior editor at Financial Planning.

There was an all-hands meeting Friday after the layoffs were done. Public relations representatives for the company declined to comment.

In February, Arizent closed two publications — Health Data Management and Information Management. The company changed its name from Source Media in January.

Chris Roush

Chris Roush was the dean of the School of Communications at Quinnipiac University in Hamden, Connecticut. He was previously Walter E. Hussman Sr. Distinguished Professor in business journalism at UNC-Chapel Hill. He is a former business journalist for Bloomberg News, Businessweek, The Atlanta Journal-Constitution, The Tampa Tribune and the Sarasota Herald-Tribune. He is the author of the leading business reporting textbook "Show me the Money: Writing Business and Economics Stories for Mass Communication" and "Thinking Things Over," a biography of former Wall Street Journal editor Vermont Royster.