Last month news broke that the 108 year old Editor and Publisher was shutting down. Yesterday that news was put to rest with some good news. Editor and Publisher has been sold and is now back in business:

Editor & Publisher, the only independent news organization reporting on all aspects of the transforming newspaper business, has resumed publication in print and online following its sale Thursday to Duncan McIntosh Co. Inc., the Irvine, Calif.-based magazine and newspaper publisher.

The announcement came exactly two weeks after the closing of E&P, the acknowledged “bible of the newspaper industry,” which can trace its roots back 126 years.

Duncan McIntosh said he knew immediately when Nielsen announced in December the closing of E&P that he wanted to keep the magazine and its digital newsgathering properties going.

“Such a critical information source for a newspaper industry so desperately in need of help should not go away,” McIntosh said. “I’ve been a reader of E&P over the course of 30 years and know its incredible value to readers and advertisers.”

Welcome back Editor and Publisher. Hopefully you will continue the trend that made you great the past century.