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Cahners' CEO Teren resigns

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New York--After just 18 months at the helm, Marc Teren has resigned as CEO of Cahners Business Information. A spokeswoman for the company, which is owned by Anglo publisher Reed Elsevier plc, would not say why Teren left the company. Gerard van de Aast, the London-based chief executive of Reed's b-to-b group, will serve as acting CEO until a replacement is found.

The former president-CEO of Washington Post/Newsweek Interactive, Teren was recruited to help Cahners, which publishes Variety, Broadcasting & Cable and Publishers Weekly, among other titles, to penetrate Internet markets. As part of this Web strategy, Teren had been trying, unsuccessfully, to sell Cahners' Travel Group, including the flagship title Travel Weekly.

But soon after his appointment the dot-com business started to go into tailspin, taking with it Internet-centric publications that relied on dot-com advertisers. In January, Teren was forced to suspend publication of eCommerce Business, a trade title covering e-commerce that launched in April 2000.

"The conjecture is that Marc was pushed out, but he just may have resigned because the mandate of the company has changed to focus more on dealing with the basic blocking and tackling of the business rather than investing into the Internet," said an industry analyst, who requested anonymity. "Perhaps Marc's vision was not compatible with corporate's."

During his term, Teren cut 500 jobs from the payroll in an effort to downsize and spent $300 million to buy Atlanta-based CDM, a construction information company.

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