Questex Media has laid off “in the range of” 40 employees, Folio: reports. The company publishes over 100 print and digital media titles in the technology, travel, and hospitality industries.
“Print is under significant pressure and we’re doing what we have to do to readjust the size of our business,” CEO Kerry Gumas told Folio. “If we operate on the expectation that those print dollars are going to recover and come back into the market, that’s a mistake. We’re accelerating downsizing on the print side while continuing to add resources into digital, where we think there’s going to be significant growth.”
According to MinOnline, Questex had the best ad page growth among b2b publishers last year.