Media Business created the Top Innovators in Business Publishing Awards to recognize leading executives like Equipment World magazine’s Publisher Dan Tidwell. The program recognizes publishing professionals who have found new ways to generate revenue, different methods to cut costs and alternative ways to inspire employees to do both, reports Media Business. Tidwell was recognized for Equipment World’s innovative use of data from Randall’s Equipment Data Associates division to refine its circulation, giving it a strong competitive advantage.

As one of only five professionals to receive this honor in the publisher category, Tidwell is in the company of executives such as Harold McGraw III, chairman, president and CEO of the McGraw-Hill Companies and Mike Federle, Time Warner’s group publisher of Fortune magazine.

When asked to comment about this honor, Tidwell said: “This is the result of two things. First, our late Chairman Pettus Randall’s foresight in buying Equipment Data Associates. And secondly, a president and CEO like Mike Reilly who provides a business environment that promotes innovative thinking and action.”

Media Business will honor Tidwell and other winning executives at a luncheon on June 9th at the Grand Hyatt Hotel in New York City.