The closure of 23 trade magazines at Reed Business Information in the US seems to have shocked industry commentators. The closure of titles like Construction Equipment and Modern Materials Handling is part of Reed Elsevier’s long-running plan to winnow down trade magazine publishing to a highly profitable core (or exit the business altogether). Presumably, RBI’s UK operation [...]
What’s to say about Reed Elsevier’s decision to pull the sale of Reed Business Information? As far as the eye can see, the result is a mess. For RBI’s employees, it’s a case of back to the future. Here’s a backhanded assessment of what’s on the horizon from Crispin Davies, the outgoing chief executive of Reed [...]
On the face of it, this looks like a distress signal. The Daily Telegraph reports that Reed Elsevier is organizing a consortium of banks to lend more than £750m to the successful buyer of its trade magazine arm Reed Business Information. RBI as a whole is expected to sell for up to £1.25bn. Real world [...]