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G+J disbands Business Innovator Group

Published on .

New York--Just a year after it was launched, Gruner + Jahr USA Publishing has disbanded its Business Innovator Group. The group was created last summer to help grow Fast Company and Inc magazines, which G&J purchased in 2000 for a combined $500 million. The group's head, Scott Crystal, has been let go. Fast Company's revenues are down 20.6% year-to-date, and Inc's are off 13.9%, according to the Publishers Information Bureau.
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