The job cuts came mainly from the print side of the business, which has suffered in the recession, Gumas said.
“We believe the change in print advertising is not just a short-term issue,” he said. “It appears that there has been a structural change, a demand change that’s going to be persistent.”
Gumas said Questex has been readying itself for this change. “We have a pretty significant digital business and also a strong events business, and the print business represents a little bit less than 30% of the total business,” he said.