Maxwell execs say businesses will proceed

Folio: The Magazine for Magazine Management, Dec 1, 1991

While British media mogul Robert Maxwell's death stunned the executives working for him, many are confident about his sons' ability to carry on with the management of his diverse empire. Kevin Maxwell, now acting chairman of Maxwell Communications, "has been very active in the management" of his family's 20 percent interest in Quebecor Printing Inc., says Mark Fors, executive vp of Quebecor USA.

"He is a very capable person." Fors says he does not expect Maxwell's Quebecor investment to change. Martin Deutsch, president of Maxwell Communications' Official Airline Guides' six magazines, also does not expect his group, which was put on the block in 1989, to be sold. "It's business as usual," he says. The fate of the Standard Rate and Data Service, rumored for some time to be for sale, is still unclear. Craig Burr, president and publisher of SRDS, would not comment on sale rumors. Meanwhile, the Maxwell family sold its 19 percent stake in the high-end pre-press equipment manufacturer Scitex Corp. in October.