Two business publishers have reported modest financial growth in interim financial updates, after content and services subscriptions held up.
Court Rejects Freelancer Settlement: Still No Payment From Tasini Court Win
Jonathan Tasini was a hero to many writers when he won his battle to get additional payments from publishers like The New York Times who had included his freelance work in databases like LexisNexis. Tasini’s battle went to the Supreme Court in 2001, and created a strong legal precedent guaranteeing payment to freelancers whose work...
RBI Blames Weaker Magazines For Wiping Out Online Gains
It sounds like RBI’s restructuring may not yet be over.
Reporting eight percent lower revenue for the first half of the year, parent Reed Elsevier (NYSE: RUK) said “leading (RBI) brands returned to growth in the first half; (but there are) continuing difficult print advertising markets in other business magazines”.
After Plan B: Reed Business CEO Jones Retiring
Keith Jones, the group CEO of Reed Business Information is retiring later this month, as the B2B publisher’s contraction nears its final stages for now.
UK CEO Mark Kelsey will add the group-level role to his job, reports Journalism.co.uk , which has this excerpt from Jones’ leaving email to staff…
Reed Elsevier Finds Ads Stabilizing In H110
The first half of the year for Reed Elsevier (NYSE: RUK) saw ad dollars stabilize, though executives expressed a greater degree of caution regarding th...
Reed Elsevier Ventures Leads Martini Media’s $6 Million Second Round
Affluent ad-focused Martini Media Network has raised $6 million second round led by Reed Elsevier (NYSE: RUK) Ventures. Granite Ventures and Venrock participated in the round as well. While the b2b magazine division of Reed Elsevier has spent the past year selling off periodicals, the venture capital arms has...
RBI Also Sold German Division; Cost Cuts Continue
It’s sold or shut dozens of magazines since aborting the planned sale of RBI whole; now parent Reed Elsevier (NYSE: RUK) has also quietly off-loaded its German division to the Munich-based European Professional Publishers Group.
The sale was alluded to in Reed Elsevier’s Reed Business Information is shutting down 23 controlled circulation titles (listed below) in the United States, the almost-final phase of an often painfully slow divestiture effort that started last July after earlier attempts fizzled. Almost, because the company still has intellectual property and other assets to disperse. A Reed Elsevier (NYSE: RUK)...No Buyers, No Mags: RBI Shuts Down 23 U.S. Trades
Reed Business Sells Publishers Weekly To Former Publisher
Reed Business Information—which has been busily unloading its magazines—has now sold Publishers Weekly, which had been in a state of deal-no deal limbo for more than a month. The publication is being sold to a new company led by George Slowik Jr., who was the publication’s publisher in...
Variety Follows Oscars With Cuts, Including Chief Film Critic
Variety followed up Sunday’s Academy Awards with a different batch of envelopes, handing out pink slips to eight editorial staffers—including chief film critic Todd McCarthy and theater critic David Rooney—in its latest reorg. Reed Business Information has sold or plans to sell most of its U.S. titles that rely heavily on advertising but has said...
Updated: Reed Sells Library Titles To MediaSource, Publishers Weekly Left Hanging
An all-hands staff meeting has been called for 9:30 a.m. at Publishers Weekly, according to a source familiar with the situation. PW is one of the remaining U.S. Reed Business Information titles the company has said it plans to divest; RBI plans to keep only Variety among its U.S. ad-supported titles. It’s possible that this...
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