Reed Business Information
Reed Exhibitions and TMG unveil the new and expanded JCK magazine this week at the JCK show in Las Vegas.
Crafting a long-term solution to the depressed economic and publishing times we're in requires tough and often unpopular decisions. Outsourcing is one example. It was the topic of a lively panel discussion at the Publishing Business Conference, March 8-10, in New York. Panelists and attendees shared stories of the urgency to squeeze efficiencies out of their processes and how best to achieve their goals. The conclusion: Outsourcing—using an off-shore vendor or an outside partner—is an unpopular, often painful decision, but a viable option for major cost savings, especially in desperate times.
Nominations for the Publishing Executive Hall of Fame are now being accepted. Each year, exceptional professionals from production and manufacturing at magazine and book publishing companies are inducted into the Publishing Executive Hall of Fame (formerly PrintMedia Hall of Fame). The inductees represent the best of the best, and are honored for their outstanding achievements and contributions to the publishing industry.
Radnor, Pa.-based MB Media LLC has announced the acquisition of the Construction Media Group properties from Reed Business Information (RBI).
Recent mergers and acquisitions activity in the magazine market suggests a move toward niche publishing and diversification of revenue sources, investment bankers tell Publishing Executive Inbox.
In a major restructuring at Reed Business Information’s marquee b2b title Variety, the entertainment industry publication is eliminating its full-time review crew and reorganizing the newsroom. Three critics will now be used on a freelance basis. Variety.com itself announced some of the changes this morning at its site.
Continuing its effort to sell off many print titles in the portfolio, Reed Business Information has sold both Library Journal and School Library Journal to Ohio-based Media Source Inc. Media Source will take on all of the respective brands’ print and online components as well as the Library Hotline supplemental newsletter.
With the acquisition, Media Source is pumping up current holdings in the space; it owns the Junior Library Guild and The Horn Book Inc. companies. “We respect the history and contributions of Library Journal and School Library Journal,” said Media Source CEO Randall Asmo in statement. “Our goal is to build upon those strengths to provide a vital and comprehensive service to the librarian community.” The company says that the editorial and sales offices of the publications will remain in New York and the books’ current editor-in-chief (Brian Kenney) and publisher (Ron Shank) will remain in these roles.
Reed Business Information has sold off another group of magazines. Los Angeles-based Canon Communications is expected today to announce that it has acquired the global assets of RBI’s Electronic Design News (EDN), Design News, Test & Measurement World and Packaging Digest. Financial terms of the deal were not disclosed.
“Canon’s trade show business has covered a broader range of advanced manufacturing than our publishing division has,” Charlie McCurdy, Canon’s chairman and CEO, told FOLIO:. McCurdy also serves as chairman and CEO of Apprise Media, which acquired Canon in 2005 for $200 million.