Publishers Weekly reported today that it has been sold. A newly formed company called PWxyz, LLC purchased PW. The company is headed by George Slowik, a former publisher of Publishers Weekly. The purchase includes the magazine, the publishersweekly.com website and Publishers Weekly Show Daily.
Publishers Weekly says PWxyz plans to "retain all of PW's editorial, art, and advertising employees." The publication will retain its New York City headquarters. Cevin Bryerman will remain as publisher of PW and Jim Milliot and Michael Coffey will serve as co-editors.
Crain's New Yorkreports that the new owner is bullish about PW's future. His top priority is to digitze the magazine's 138 years of archives.
Publishers Weekly 