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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?