Reed to Sell Business Information Unit Reed Elsevier announced their intention to sell off Reed Business Information, their trade magazine division that includes Variety and PW. CEO Crispin Davis says “its advertising revenue model and the inherent cyclicality fit less well with the subscription-based information and workflow solutions focus of Reed Elsevier’s strategy.” He also said “broadly, print publishing is flat while online is growing at around 11 percent a year.” Reed Exhibitions — currently a division of the RBI, which operates BEA and the London Book Fair — will be retained by the company. While the company timed their […]
