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Hughes Communications ceases operations, four titles closed.


Hughes Communications Hughes Communications is a publicly traded company under the stock symbol of NASDAQ: HUGH since September 2006.

Hughes Communications is wholly owned by Apollo Management.

The principal business of Hughes Communications, Inc.
 (Rockford Rockford, industrial city (1990 pop. 139,426), seat of Winnebago co., N Ill., on the Rock River near the Wis. line; inc. 1839 with the merger of two settlements on opposite sides of the river. , IL), the publisher of three trade magazines with a fourth launched win June, has abruptly a·brupt  
adj.
1. Unexpectedly sudden: an abrupt change in the weather.

2. Surprisingly curt; brusque: an abrupt answer made in anger.

3.
 ceased operations. Owner and chief executive officer Bill Hughes simply told employees not to return to work and said that all operations would cease immediately.

Hughes was established in 1986 with the launch of the consumer title Rockford Magazine. That title was sold to Gannett Co. in 1989 and was closed by Gannett in 1996. Subsequent to that first title, Hughes launched Sales & Marketing Strategies and News, a monthly with a controlled circulation of 40,000, Human Capital, a monthly started in 1999 and produced for 40,000 company executives and HR specialists, President & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , a 50,000 controlled circulation published nine times a year and launched in 2000 as President's Strategy News, and Enterprise, a general title for business executives launched with a June issue this year. It was to have been published five times a year.

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, Bill Hughes told the Rockford Register Star newspaper that "we went off a cliff." He told the paper that the combination of the recession and the attacks of Sept. 11 were too much to overcome and that advertising continued to decline. The company had a staff of 47, about two-thirds of whom were full time.
COPYRIGHT 2002 JK Publishing, Inc
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2002, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Comment:Hughes Communications ceases operations, four titles closed.
Publication:Business Publisher
Article Type:Brief Article
Geographic Code:1USA
Date:Jun 30, 2002
Words:216
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