Crain's Manchester Business closes
Crain Communications Inc has announced that it has closed weekly publication Crain’s Manchester Business.
In a statement placed on the newspaper’s website this morning, the company announced the closure of the publication, which it said had a circulation of 11,500 within the Greater Manchester area.
The statement from Chris Crain, senior vice president of Crain Communications and editor-in-chief of Crain’s Manchester Business, read: “While we have been pleased with the support received from Crain's Manchester Business readers from the beginning of the project, ultimately the limited support from key advertising sectors has made the project unsustainable.
“When we launched in August 2007, we introduced a new concept to the UK, based on a successful US weekly business publication model,” added Crain. “Editor Stephen Brauner created a highly useful product that was met with great excitement from the Greater Manchester business community because it captured the must know news and information for the coming business week.
“In a recessionary environment that withered marketing budgets around the globe, Associate Publisher Kathryn Toledano and her sales team managed to book 130 different advertisers into the publication. Kathryn's creativity, intelligence and sheer determination provided a stabilizing effect to the business even in its rockiest times,” added Crain.
The final issue was printed yesterday on 22 June having launched in October 2007.