IBJNews

Indianapolis Woman sold, entire staff released

Back to TopCommentsE-mailPrintBookmark and Share

The local publisher of Indianapolis Woman has sold the rights to the magazine to a private investment group, putting the entire staff out of work.

Weiss Communications Inc., which has published the magazine for 18 years, announced on Tuesday that 14 employees lost their jobs as part of the asset sale to an unnamed investment group in Indiana.

Terms of the transaction were not divulged.

The company said in a press release that the investment group is working to sell the magazine to a permanent publisher as soon as possible.

The May issue, to be released April 30, will be the last published by Weiss Communications, said John Weiss Jr., vice president of operations, in an e-mail Tuesday morning to IBJ.

“It is unfortunate that we were unable to sustain this single publication,” he said, “but I believe there is a future for Indianapolis Woman.”

The magazine has a circulation of 45,000 and has been profitable, Weiss said, but an “ill-timed” expansion into the St. Louis market took its toll on the local publication.

Weiss Communications launched St. Louis Woman in 2006 and ceased publication in February 2010.

“This cost a great deal of money and created a distraction for our Indianapolis publication,” Weiss said. “We believe the St. Louis distraction affected our ability to transition Indianapolis Woman through a tough economy and changing advertising culture.”

In its press release, Weiss Communications said it worked hard to sustain enough print advertising to continue publishing the magazine, but ultimately chose to “turn the reins over to another group more capable of capturing the growth opportunities.”

Weiss’ grandmother, Mary Weiss, is president and publisher of Weiss Communications.

The publisher has had financial difficulties in the past. In December 2010, IBJ reported that a printing company in northeast Indiana was suing Weiss Communications for $271,196 in overdue printing costs.


 

ADVERTISEMENT

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
  1. Of what value is selling alcoholic beverages to State Fair patrons when there are many families with children attending. Is this the message we want to give children attending and participating in the Fair, another venue with alooholic consumption onsite. Is this to promote beer and wine production in the state which are great for the breweries and wineries, but where does this end up 10-15 years from now, lots more drinkers for the alcoholic contents. If these drinks are so important, why not remove the alcohol content and the flavor and drink itself similar to soft drinks would be the novelty, not the alcoholic content and its affects on the drinker. There is no social or material benefit from drinking alcoholic beverages, mostly people want to get slightly or highly drunk.

  2. I did;nt know anyone in Indiana could count- WHY did they NOT SAY just HOW this would be enforced? Because it WON;T! NOW- with that said- BIG BROTHER is ALIVE in this Article-why take any comment if it won't appease YOU PEOPLE- that's NOT American- with EVERYTHING you indicated is NOT said-I can see WHY it say's o Comments- YOU are COMMIES- BIG BROTHER and most likely- voted for Obama!

  3. In Europe there are schools for hairdressing but you don't get a license afterwards but you are required to assist in turkey and Italy its 7 years in japan it's 10 years England 2 so these people who assist know how to do hair their not just anybody and if your an owner and you hire someone with no experience then ur an idiot I've known stylist from different countries with no license but they are professional clean and safe they have no license but they have experience a license doesn't mean anything look at all the bad hairdressers in the world that have fried peoples hair okay but they have a license doesn't make them a professional at their job I think they should get rid of it because stateboard robs stylist and owners and they fine you for the dumbest f***ing things oh ur license isn't displayed 100$ oh ur wearing open toe shoes fine, oh there's ONE HAIR IN UR BRUSH that's a fine it's like really? So I think they need to go or ease up on their regulations because their too strict

  4. Exciting times in Carmel.

  5. Twenty years ago when we moved to Indy I was a stay at home mom and knew not very many people.WIBC was my family and friends for the most part. It was informative, civil, and humerous with Dave the KING. Terri, Jeff, Stever, Big Joe, Matt, Pat and Crumie. I loved them all, and they seemed to love each other. I didn't mind Greg Garrison, but I was not a Rush fan. NOW I can't stand Chicks and all their giggly opinions. Tony Katz is to abrasive that early in the morning(or really any time). I will tune in on Saturday morning for the usual fun and priceless information from Pat and Crumie, mornings it will be 90.1

ADVERTISEMENT