…it’s a sad, sad, situation… and it’s getting more and more absurd. Its sad, so sad, why cant we talk it over? “No. No more discussions,” said top management. Yesterday’s announcement at DIT Group, reminds me of this Blue song (courtesy Sir Elton John.) DIT Group, part of the Saudi giant Dabbagh Group announced yesterday officially that it’s closing down operations of DIT Group.
I have been associated with DIT Group for over 4 years now and have seen it grow year after year. I started off as a Sr. Writer and ended my stint at DIT as a Managing Editor, handing the entire technology portfolio, consisting of the world-renowned tech magazine – PC Magazine. Apart from PC Magazine, technology portfolio at DIT Group consists of Arabian Reseller, Tech@Home, Tech@Work, and various other supplements.
DIT Group also publishes Forbes Arabia, the Arabic edition of the world’s foremost business title. The shutting down of DIT Group’s operations means a loss of around 40 jobs. While the current economic scenario might be blamed for the move, according to the management, the that the reason to shutdown DIT Group is more of a corporate direction from the $3 billion Dabbagh Group.
Dabbagh Group has business interests ranging from construction to oil to food and agriculture, and thus has elected to lose its alliance with the publishing business. The move means that many technology enthusiasts in the Middle East region will have to do without an authoritative technology publication such as PC Magazine.