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Thursday, November 12, 2009

Contract Journal has Contract Cancelled

RBI has announced the closure of Contract Journal. Once highly profitable with a bucket full of tenders ads and recruitment, this recession has finally killed it off. Of course the construction industry will recover, but CJ has failed to adapt to the digital world.

A story that could be applied to too many titles whose relevance has been culled. Even when the recovery comes, for too many it will be too late. As we have said many times before, if you are waiting for the recovery to save you - you are hoping in vain.

Oddly, Reed has a very successful construction data business in the US. A mystery why they haven't joined the dots.

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