ABM cuts staff

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New York—American Business Media cut a handful of positions last week, including those of VP Nick Ferrari, exec VP-business development, and Mark Flythe, video editor. Gordon T. Hughes II, president-CEO of ABM, acknowledged that the organization has cut 40% of its staff since the beginning of the year, although most of those cuts have come through attrition. The organization, like the business information sector it serves, is suffering a severe shortfall in revenue. Hughes said it is developing a new strategic plan to help it and its members be better prepared for the post-recession business climate, which will be less focused on print and more dependent on digital revenue.
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