There goes another one. Tom Fogarty, vice president of production for Primedia Business, is joining Ascend Media, the Kansas-based company founded by ex-Primedia executives.
It's become an increasingly familiar story in the B2B world. As Primedia, where I was once vice president for online content, deteriorated, it fired staff and sold off properties to pay down its enormous debt load. Companies like Ascend and M10 -- founded by exiled Primedia folks took advantage by buying up their old magazines and raiding Primedia for talent.
It's a story that will brighten the day of anyone who has ever been laid off.