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Business Ethics Magazine Sold To New Mountain Media
Business Ethics Magazine Sold To New Mountain Media
Published 01-24-05
Submitted by Business Ethics
Founded in 1987, Business Ethics magazine is the only US-based business magazine focusing on ethics and corporate social responsibility in a media landscape otherwise dominated by traditional business publications. Published four times a year with a total distribution to approximately 10,000 readers, it has a unique position and a unique readership of thought leaders in business, investing, academia, government and civil society organizations interested in corporate social responsibility issues.
"With a strong brand in a dynamic subject area, Business Ethics occupies a unique position in the media landscape," said Mr. Connor of New Mountain Media. "We plan to strengthen the editorial focus and audience appeal of the magazine while extending the Business Ethics brand into new businesses, including conferences and seminars, newsletters, and the Internet."
In addition to the change in ownership of the magazine, New Mountain Media announced the following:
"Business Ethics built its unique brand by focusing on business ethics and corporate social responsibility long before corporate scandals dominated the headlines," said Ms. Kelly, editor of the magazine. "We're excited about joining New Mountain Media to re-launch the publication now that business ethics has become the topic of the hour."
Business Ethics magazine has long offered unique analysis and reporting not found elsewhere in the media, including:
According to Mr. Connor of New Mountain Media, there is "a surge in demand for information and perspective on business ethics and corporate social responsibility issues." This growing demand is driven by several factors, including increased government regulation (e.g., Sarbanes-Oxley Act) and accompanying compliance issues; a growing sense in the corporate community that ethical behavior has become a prerequisite to effective stakeholder relations; and new evidence that responsible companies often carry lower risk and are better positioned for long-term performance than less enlightened peers.
Michael Connor, owner of New Mountain Media LLC, is an award-winning media executive with broad experience in television, print and the Internet, including working as a staff reporter for The Wall Street Journal and as a correspondent and senior producer for ABC News. He also held executive positions at Dow Jones & Co., where he led global development of the company's TV and multimedia operations, and as Executive Producer of The Wall Street Journal Report, a weekly syndicated program. Mr. Connor was founding Chief Executive of European Business News (EBN), Dow Jones's London-based pan-European TV network. He was also instrumental in the development and launch of Asia Business News, a pan-Asian TV network controlled by Dow Jones and based in Singapore. His television work has received numerous honors, including a national Emmy, a Columbia-duPont Award, a Writers Guild Award and a nomination for an Academy Award.
