Library Journal, School Library Journal and Publishers Weekly For Sale

Reed Business Information is putting Publishers Weekly and its affiliated publications, Library Journal and School Library Journal, up for sale. The sale of the group is part of RBI’s strategy to divest most of its trade magazines in the U.S. Last year, Reed Elsevier, parent company of RBI, tried to sell all of RBI but dropped the sale when it couldn’t get the price it wanted in a depressed market for media properties.

In a related announcement, Tad Smith, CEO of RBI US, has resigned. John Poulin has been named acting CEO and he will head the sales process.

Who wants to buy some professional journals...Blake?

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Well

One more thing that could be added to the LISHost constellation, I suppose. E-i-C Fialkoff is nice and would be a great part of the LISHost family. As for available capital for this....

A big problem is depressed ad revenue across the whole media market. Who were big buyers of ads? Car companies like GM & Chrysler and banks.
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Stephen Michael Kellat, MSLS
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