Graphic Arts Monthly Folds
RBI CEO Keith Jones informed employees of the decision through an internal memo obtained by Mediabistro. RBI had sold 21 titles, but was unable to move the remaining 23 it had targeted for divestment.
In an e-mail to subscribers, GAM staff explained: "Our parent company, Reed Elsevier, announced in July of 2009 its intentions to substantially exit its Reed Business Information U.S. publishing business, while retaining other businesses. Over the past several months, multiple publishing brands have been divested. On April 16, 2010, we announced the closure of the remaining publishing brands and their associated products and services. Consequently, the April 2010 issue was the final issue of Graphic Arts Monthly magazine, and our Web sites will cease operating as of April 30, 2010."