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US book preview magazine Kirkus could stave off closure after a potential buyer emerged. A note posted on the magazine's website read: "Kirkus is working toward an arrangement with an acquiring company to continue the publication of the magazine. More details will be forthcoming in the next 2-3 weeks, but for now we will publish a second issue in January, and then reassess the situation and hopefully continue publication in February and beyond. Stay tuned. . ."
According to an internal memo obtained by DailyFinance, Kirkus managing editor Eric Liebetrau said that until the deal closes by the end of this month the magazine will "resume business as usual under the Nielsen umbrella".
Nielsen Business Media, which also owns The Bookseller, planned to close the magazine at the end of last year, following the sale of a number of its other magazines, including The Hollywood Reporter, to a third party. The Bookseller is unaffected by the decisions.
"It's good to be back," wrote Liebetrau in a memo sent to Kirkus reviewers.