Crain’s Closing British Paper

Crain Communications, which operates business weeklies in New York, Cleveland, Chicago and Detroit, is closing its business weekly in Manchester, England.

It was the first local business journal to be published in the United Kingdom.

A story on its site states, “‘While we have been pleased with the support received from Crain’s Manchester Business readers from the beginning of the project, ultimately the limited support from key advertising sectors has made the project unsustainable,’ said Chris Crain, senior vice president, Crain Communications Inc. and editor-in-chief, Crain’s Manchester Business.

“‘When we launched in August 2007, we introduced a new concept to the UK, based on a successful US weekly business publication model,’ added Crain. ‘Editor Stephen Brauner created a highly useful product that was met with great excitement from the Greater Manchester business community because it captured the must know news and information for the coming business week.

“‘In a recessionary environment that withered marketing budgets around the globe, Associate Publisher Kathryn Toledano and her sales team managed to book 130 different advertisers into the publication. Kathryn’s creativity, intelligence and sheer determination provided a stabilizing effect to the business even in its rockiest times,’ added Crain.”

Read more here.