From Politico:

Nielsen Business Media is selling eight magazines — including AdWeek, Billboard, and Backstage — to a new consortium, e5 Global Media Holdings. But two of their other brands, E&P and Kirkus Reviews, will be shuttered in the process.

Editor Greg Mitchell tweets: “Yes, it’s true, my magazine, E&P, axed today, out of job. At office until end of year–and here, of course.”

Shuttering E&P is a real loss for the media beat, given that the publication has comprehensively covered the newspaper and magazine world (while breaking a lot of news in the process) for over 100 years. Their reporters are typically the first to break down circulation numbers, while offering monthly listings of newspaper website traffic rankings and other essential information