Brian Fuller's blog on the media, marketing and content creation

Reed Business Info on the block

Posted on | February 21, 2008 | No Comments

Reed Elsevier said today it would divest its Reed Business Information unit “to reduced its exposure to cyclical advertising markets,” according to Reuters. RBI owns EDN, among other technology titles, which have been hit by industry consolidation and the advertising downturn.
The Guardian reports such a sale could be worth 1.3 billion pounds.

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Comments

No Responses to “Reed Business Info on the block”

  1. Lou Covey
    February 21st, 2008 @ 1:54 pm

    Wow. Now that’s consolidation.

    CMP could almost afford this.

  2. John Blyler
    February 25th, 2008 @ 5:59 pm

    Word on the street is that it (EDN especially) may be even bloodier than CMP’s EETimes mess.

    Talked with the Elsevier book editorial side earlier this week. Seems that the personnel losses have been more “weeping wound than bloodletting.”

  3. Greeley's Ghost
    February 25th, 2008 @ 11:10 pm

    It’s an awful sight, no matter where you sit!

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