An internal document from Reed Business Information, publisher of Estates Gazette and New Scientist, says the company wants to grow its revenue from online activities by 50 per cent within three years.
According to a Dow Jones report on the document, the publisher specifically wants to raise the sale of online publications by 50 per cent in three years.
The division also needs additional cost cutting and an end to duplication of costs, chief executive Keith Jones said in the memo to staff.
Earlier this year RBI’s parent company Reed Elsevier announced the sale of several US magazine titles; in April RBI announced plans for 50 redundancies in the UK – you can see a full timeline of recent events at the company at this link.
- Dow Jones: RBI buyer to be announced by October, says Reed Elsevier
- RBI staff vote against further industrial action
- Digital ad revenue up 30 per cent at Wall Street Journal
- Press Gazette: Ian Smith quits as Reed Elsevier chief
- Editor and Publisher: WPNI head quits, Post takes greater control over web elements