Schofield Media Group Shutting Down
Posted on August 3, 2011Trade publisher Schofield Media Group LLC is closing down. The company will lay off 195 employees. Some of the trade publishers' publications include Construction Today, Manufacturing Today and Furniture and Interiors.
Boston Business Journal reports that the publisher's financial problems came from a "sudden, unexpected loss of financing from Wells Fargo Bank."
BtoB reports that the company's UK properties were not affected by the closure.