Previously I reported the sad news that Nielsen was closing Kirkus Reviews. I'm happy to note that Herb Simon, owner of the Indiana Pacers, has bought Kirkus Reviews.
The company will be renamed Kirkus Media, and Marc Winkelman has been named as the CEO of the company. According to the New York Times:
Editor & Publisher has also been saved. It has been bought by Irvine, California-based boating magazine publisher Duncan McIntosh Co. Inc. In December, Nielsen agreed to sell The Hollywood Reporter, Billboard, Adweek, Brandweek, Mediaweek and Back Stage magazines, as well as Nielsen’s Clio Awards and Film Journal International to e5, a company formed by private equity firm Pluribus Capital Management and financial services firm Guggenheim Partners.
Mr. Winkelman said that Mr. Simon was “an inveterate and unquenchable and voracious reader” who was a longtime subscriber to Kirkus, which was founded in 1933. “The idea that Kirkus was leaving was a real shame for him,” Mr. Winkelman said.
Here's a link to the latest Kirkus Children's Reviews.