Tag Archives: Reed Elsevier

FOLIO: RBI to close 23 magazines in US

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Reed Business Information is to close 23 B2B magazine titles in the US. FOLIO reports:

About nine months after putting the brands published under the U.S. arm of Reed Business Information on the block again, Reed Elsevier announced today that it is closing down the magazines it has not been able to sell or does not intend to keep. In total, the number of magazines to be closed down is 23.

According to FOLIO, parent company Reed Elsevier declined to comment on the number of job losses as a result.

Full post at this link…

Wired.co.uk: A future without journalists?

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Reflecting on last week’s UK Association of Online Publishers (AOP) conference, Peter Kirwan discusses the growing trend away from journalism in business magazine publishing.

Citing examples of United Business Media and Reed Elsevier, Kirwan points out that many trade magazine publishers no longer generate the majority of their revenue from print-based titles. Selling events, online data and other offerings, such as Reed’s ‘workflow solutions’, has taken over.

“Measured against models like these, business journalism starts to resemble a dying craft,” writes Kirwan.

“It’s obvious why. At its most basic, business journalism involves interpreting the dynamics of an industry. Yet if these shifting dynamics can be reduced to data points, and if those data points can be sold in digital format to subscribers, the value of external interpretation – and journalism – inevitably declines.”

Imagining a future without journalists.

DutchNews.nl: RBI to grow online income by 50 per cent in three years

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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.

Full DutchNews.nl story at this link…

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.

Journalism Daily: Reed divestment update and Chris Anderson on the media

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Journalism.co.uk is trialling a new service via the Editors’ Blog: a daily round-up of all the content published on the Journalism.co.uk site.

We hope you’ll find it useful as a quick digest of what’s gone on during the day (similar to our e-newsletter) and to check that you haven’t missed a posting.

We’ll be testing it out for a couple of weeks, so you can subscribe to the feed for the Journalism Daily here.

Let us know what you think – all feedback much appreciated.

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On the Editors’ Blog

RBI staff vote against further industrial action

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National Union of Journalist (NUJ) members at Reed Business Information (RBI) have voted against further industrial action following a strike ballot at the publisher.

In the Wednesday ballot, 111 voted against further action being taken in response to proposed merger of production desks at Flight International, ICIS and Contract Journal and issues of compulsory redundancies.

According to an internal memo seen by Journalism.co.uk, the NUJ chapel will meet with the company again on March 4 to discuss new offers to staff, with separate meetings to be held for members at New Scientist and Estates Gazette.

In the ballot, 64 NUJ members voted in favour of taking industrial action.

Last month the group announced 35 staff redundancies in the UK, citing ‘long-term structural needs’ and the new challenges of the economic downturn.

Parent company Reed Elsevier recently extended loan arrangements for its $2 billion debt.

In December Reed terminated the sale of magazine arm RBI, as a result of ‘the recent deterioration in macro-economic outlook and poor credit market conditions’.

Tracking UK newspaper share prices with Twitter

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With a little a lot of help from our friends (take a bow Headshift’s Tim Duckett) there’s a new Twitter kid on the block – @jocoukshares.

Following Trinity Mirror and Johnston Press’ exits from the FTSE 250, the aim is to provide almost real-time share price information for the newspaper and magazine publishing groups currently listed on the FTSE.

Below is a key to the company names:

FUTR – Future Publishing

CAU – Centaur

TNI – Trinity Mirror

INM – Independent News & Media

REL – Reed Elsevier

PSON – Pearson

JPR – Johnston Press

DMGT – Daily Mail & General Trust

INF – Informa

NWS – News Corp

Tim’s made stirling progress with setting up feeds of the share prices to Twitter and there’s no reason why this couldn’t be expanded beyond newspapers and mags in the future.

However, suggestions about a ‘front-end’ for the project are welcome. Building a newspaper-share-price-feed-tracking widget will probably be one of my Christmas Eve tasks – any suggestions?