Let the building begin: Officials with Magnolia Square held a kickoff event today to mark the start of home construction in the Central TND. Developers Jimmy Nunnally and Steele Pollard have been working on the TND for three years, acquiring the land in September 2006. The first phase of Magnolia Square will include 79 homes, and there are plans for retail, restaurants, office space and stocked lakes.
A bad sign: The Nielsen Co. is selling some of its most prominent trade journals—including the Hollywood Reporter and Billboard—and shutting down Editor & Publisher, which has chronicled the newspaper business for 108 years. In all, Nielsen is selling eight titles to e5 Global Media, a new company formed by private equity firm Pluribus Capital Management and Guggenheim Partners, a financial services company. James Finkelstein, who founded Pluribus this year with George Green and Matthew Doull, will serve as e5’s chairman. The closure of E&P “was a shock,” says its editor, Greg Mitchell, who adds Editor & Publisher appeared to have turned things around after struggling at the beginning of the decade. The magazine switched to a monthly format from weekly in 2003 and heightened its focus on the Web. Nielsen said both the print and online operation will shut down immediately. But Mitchell hopes Editor & Publisher will return in another form.
