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Family-owned Crain promotes next generation to leadership

Crain Communications, the family-owned US publishing company, has promoted third-generation Christopher Crain to group publisher across several of its titles.
Crain, one of the US's largest privately held business publishers, announced the promotion of the founders grandson yesterday. Christopher, 33, is replacing non-family publisher Bill Bisson, who is retiring this month. Christopher will continue to oversee Crain's Manchester Business, a UK publication he launched in 2007, along with his new publishing role.
Christopher's uncle Rance Crain is president of Crain Communications. He told Advertising Age, which is owned by the family company: "I am thrilled to see the next generation of the Crain family assume a leadership position in our company."
Gustavus D Crain founded Crain Communications, which began with just two titles, in 1916. After his death in 1973 his wife Gertrude served as chairman until her sons took over in 1996. The company now publishes 32 business titles in the US, Europe and Asia and had revenues of  $250 million in 2004 – the latest reliable figure available. Gertrude's son Rance Crain shares leadership with brother Keith, who is president of the company. Three other members of the Crain family also work within the business: Mary Crain is the company treasurer, Merrilee Crain is the secretary and KC Crain is one of the vice presidents.

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