Crain Communications Inc Suspends Publication of Crain's Mexico, Crain's Monterrey

    MEXICO CITY, March 19 /PRNewswire/ -- Crain Communications Inc
 announced it is suspending operations of its two regional business
 publications, Crain's Mexico and Crain's Monterrey, while it evaluates
 opportunities for their sale.
     Originally published as El Asesor de Mexico and El Asesor de Monterrey,
 the publications were purchased by Crain Communications in 2001. The bi-
 weekly newspapers, published in Spanish, cover the local business
 communities of Mexico City and Monterrey, Mexico.
     In making the announcement, Crain Communications Inc (CCI) President
 Rance Crain said, "We have been very proud of these two publications and
 the people who run them. But at this time, our business strategy lies
 elsewhere. It is our hope that we can find a Mexico-based publishing
 company that represents our values to take over these valuable properties."
     "In suspending our operations, we want to express our tremendous
 gratitude to each of our 41 employees based in these offices," said Gloria
 Scoby, president of Crain Communications' Mexican subsidiary, and CCI
 senior vice president/group publisher. "Through their efforts and
 commitment to providing superior service to our readers and clients,
 Crain's Mexico and Crain's Monterrey are great examples of the best of
 regional business journalism."
     Crain Communications will continue its business operations in Latin
 America, primarily though the licensing of its U.S.-based publications to
 publishers in the region.
     Headquartered in Detroit, Mich., Crain Communications Inc publishes
 nearly 30 business, trade and consumer publications, including Advertising
 Age, Automotive News, AutoWeek, Business Insurance, InvestmentNews, Modern
 Healthcare, Pensions & Investments, Plastics News and Workforce Management
 as well as business weeklies in Chicago, Cleveland, Detroit and New York
 and numerous related business Web sites. It has more than 1,000 employees
 located in 16 offices worldwide. The company's Web site is
 http://www.crain.com.
 
 

SOURCE Crain Communications Inc