Robservations on the media beat:
While Crain’s Chicago Business has been without a publisher since David Snyder resigned last November, the publication’s parent company just underwent a seismic change at the top. Rance Crain last week sold his 50 percent stake in Crain Communications to his brother, Keith Crain, and stepped down as president, editorial director and member of the board. “Now it’s time for me to open another chapter of my life, and I look forward to the challenge and opportunity,” said Rance Crain, a 57-year veteran of the company and the man who created Crain's Chicago Business in 1978. The move gives Keith Crain and his children full control of the company founded by patriarch G.D. Crain Jr. 101 years ago. The Detroit-based publisher owns 55 business, trade and consumer brands in North America, Europe and Asia. Continue reading