Penton Media Announces Measures To Reduce Operating Costs
April 15th, 2008
According to an internal memo, Penton CEO John French has called for salary and hiring freezes, and a company-wide reassessment of spending for the remainder of the year, in light of poor revenue forecasts. Penton joins Nielsen Business Media and Ziff Davis in recent weeks to move forward on restructuring. Folio (Apr. 15, 2008)