Mark Perera

Magazine and website will close as part of major divestiture of parent company.

Paul Teague — Purchasing, 4/16/2010 1:10:47 PM

Reed Elsevier, parent company of Purchasing, announced today that it is closing Purchasing and the magazine’s website, purchasing.com, as well as most of its other U.S. publications, effective immediately.
The closing is part of a broad divestiture that itself is part of a restructuring of the London-based Reed Elsevier.
The magazine has published for almost 95 years and has been the leading magazine in the supply chain sector of the economy.
“The readers of Purchasing have one of the most important jobs in industry and will be key players as the economy moves into the recovery phase,” said Paul E. Teague, editor-in-chief. “And, the editorial staff is the best I’ve worked with in more than 30 years in journalism, as evidenced by their nomination as a finalist in this year’s Jesse Neal Editorial Awards national competition, the most prestigious competition in business-to-business journalism. They each have done a superb and professional job covering this vital field from their respective beats.”
“I am very proud of the entire Purchasing, teams for their professionalism and dedication,” said Kathy Doyle, publisher. “I want to thank them and our advertisers for their support. The magazine has brought buyers and sellers together for almost a century.”