fbpx

Home » SmartCEO, Which Closed in April, Being Revived by New Owner

SmartCEO, Which Closed in April, Being Revived by New Owner

by | Aug 31, 2017

SmartCEO, the Baltimore-based publication that closed in April after 15 years amid a cash crunch, is being revived by a new owner who acquired its assets from the former publisher, reports the Baltimore Business Journal, which added that “James McDonald, the new chief executive of SmartCEO, said he will restart the publication online starting in September in Baltimore, Washington, D.C., Philadelphia and New York. The first print edition — one of four planned each year — will come out in October in those markets, he said.

“The company will launch its Charlotte, North Carolina, edition early next year and is planning to also open in Dallas and Fort Worth, Texas.

“”We are anxious to get started already,” said McDonald, a longtime advertising and publishing executive who helped launch the Washington Examiner. “We’ve got some good people in place. We’re looking forward to doing some good work this fall.”

“McDonald said as part of the deal to buy the publication’s assets from Craig Burris, the company’s founder and CEO, he and his investors agreed to offer Burris the opportunity to pay off employees owed money. He said it was Burris’ responsibility to make those payments.

“Burris could not be reached for comment for this story.

“However, McDonald said the new SmartCEO ownership did agree to compensate any outstanding obligations to advertisers and clients.

“We did say in the interest of the client, we would take care of anything of any value they are still due,” he said.

“When the publication folded, the Baltimore Business Journal spoke to companies who had spent money on tickets for an event and did not get a refund. Employees also said they were owed money.

“Craig Burris, founder and CEO of SmartCEO, said in a memo in April that the publication was forced to close after a bad fourth quarter last year. Staff members were laid off after a Small Business loan fell through and attempts to find capital failed, he said.”

About the Author

Capitol Communicator

Capitol Communicator is a unique online and offline resource for Mid-Atlantic advertising, marketing, public relations, digital and media communications professionals. The e-magazine, e-newsletters and events bring together communications professionals, fostering community and providing important information; news; trends; education; and opportunities for networking, career enhancement, business exchange and showcasing great work. Visit www.capitolcommunicator.com to learn more.

0 Comments

Submit a Comment

Your email address will not be published.

Sponsors

Brand Creep

SEARCH FOR ADVERTISING, MARKETING & PR AGENCIES, PROFESSIONALS AND SERVICES

Find out more  Powered by COMMUNICATIONSMATCHTM

REGISTER.
CHOOSE AN AGENCY OR INDIVIDUAL DIRECTORY OR COMPREHENSIVE PROFILE PLAN.

Find out more  Powered by COMMUNICATIONSMATCHTM

REGISTER.CHOOSE AGENCY SELECT
TO REQUEST MORE INFORMATION & STREAMLINE RFPs

Find out more  Powered by COMMUNICATIONSMATCHTM

CAPITOL COMMUNICATOR CAREER CENTER SEARCH RESULTS (JOBS IN MULTIPLE LOCATIONS)

MEDIA KIT

Recent Comments

Categories

Events

 

SUBSCRIBE