In July 2009, Reed Elsevier announced that the RBI-US controlled circulation magazines and certain other print titles, representing approximately 45% of the revenues of RBI-US, were to be divested. Since then, the following titles, representing approximately two thirds of the revenues of the portfolio to be divested, have been sold in seven separate transactions:
To conclude the divestment process, the publishing operations of the remaining RBI-US controlled circulation titles are to be closed: Building Design+Construction, Chain Leader, Construction Bulletin, Construction Equipment, Consulting-Specifying Engineer, Control Engineering, Converting, Foodservice Equipment & Supplies, Graphic Arts Blue Book, Graphic Arts Monthly, HOTELS, Logistics Management, Material Handling Product News, Modern Materials Handling, Plant Engineering, Professional Builder, Professional Remodeler, Purchasing, Restaurants & Institutions, Semiconductor International, Spec Check, Supply Chain Management Review and Tradeshow Week.
Variety, Marketcast and 411 Publishing, the RCD (Reed Construction Data) businesses and the Buyerzone lead generation business were not part of the divestment process and are retained. Jewelers’ Circular Keystone (JCK) has been transferred to Reed Exhibitions which runs the JCK Jewelry event and DM2 has been merged with Mardev in the UK to form a global list management operation.
Reed Construction Data
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Notes to editors
About Reed Business Information-US
Reed Business Information-US (www.reedbusiness.com/us) is a leading business-to-business information provider of publications and web sites, as well as custom publishing, directories and research. Reed Business Information-US is part of Reed Elsevier (NYSE: RUK and ENL), a world leading provider of professional information and workflow solutions in the Science, Medical, Legal, Risk Management and Business sectors.
Reed Construction Data, a division of Reed Business Information and the Inaugural Strategic Partner of the AIA, is a leading North American provider of construction information through a diverse portfolio of innovative products and services. Reed offers its customers construction project leads, building product information, construction cost tools, construction news through a suite of online and print references — all valuable resources for architects, engineers, contractors, manufacturers, distributors and other professionals in the construction industry. For more information, visit www.reedconstructiondata.com or call 877-REED411.
Reed Business Information, a part of the Reed Elsevier Group plc (NYSE:RUK and ENL), is North America’s largest business-to-business information provider, with more than 80 market-leading publications, 55 Websites and a range of leading business-to-business services.