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Executive at Newton, Mass., Trade Publisher Resigns amid Slumping Profits.
Knight Ridder/Tribune Business News
Sep. 22 -- Cahners Business Information chief executive Bruce Barnet stepped down from the Newton trade publisher last week, apparently under pressure from the company's British-Dutch parent.
Like other trade publishers, Cahners has faced big profit declines recently because of growing competition from Internet-based media. Last month, Cahners said it would restructure and lay off 300 people, mostly at operations in Illinois and Pennsylvania.
Now Barnet has joined the exodus, leaving "in order to pursue other investment and business opportunities," according to Tom Nutile, a spokesman for Cahners, a unit of ...
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