Neil Thackray, who was chief executive of Quantum Publishing when it sold Press Gazette and Media Week four years ago, has launched a blog looking at the major issues facing the B2B sector in the age of the internet.
Thackray writes:"The Internet has had two pernicious effects on the future editorial viability of business magazines. First the news, the lifeblood of a weekly mag, is available 24/7 and immediately.
"I haven’t picked up a copy of Media Week or Press Gazette since we sold them four years ago. This hasn’t been deliberate, its just that I don’t need them any longer when I can find the news on the web. I bet your reading habits have changed. And so have all the readers of business magazines habits changed.
"The second effect has been the result of the phenomenon you are reading now. The lone or collaborating blogger. It is almost a cliche that now everyone is a journalist. As journalists get laid off, there will be more and more lone writers."