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'Industry Standard Europe' seeks buyer

Published on .

London--Just six months after it launched in the U.K., The Industry Standard Europe is in talks with possible buyers, according to reports. The online edition of the Financial Times said Thursday that the publication has confirmed it is in talks with several suitors about a possible sale or equity partnership. Since launching in October, The Industry Standard Europe, like its cousin in the states, has battled the hemorrhaging in the new economy and the downturn in ad spending. Nevertheless, Neil Thackery, CEO of the magazine, said the publication was increasing its revenue every month and had a steady stream of advertising from blue-chip companies. Earlier this month The Industry Standard scrapped plans for a German language version but did launch a Chinese language version.
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