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Business Day|Financial Magazine Closes

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Business Day

Financial Magazine Closes

   JULY 10, 2001
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   Jonathan Steinberg, the chief executive of the Individual Investor
   Group, said yesterday that he would shut Individual Investor magazine
   and lay off 90 percent of the company's staff, or about 50 employees.

   Mr. Steinberg, the son of 1980's corporate raider Saul Steinberg, said
   that the magazine marketplace was too depressed to keep his finance
   magazine afloat.

   The company said it would now focus on its stock-licensing operations
   and Web sites. Its list of 430,000 subscribers was sold yesterday to
   Kiplinger's Washington Editors, publisher of Kiplinger's Personal
   Finance.
   Continue reading the main story

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