New Scientist and Farmers Weekly publisher Reed Business Information, which was already cutting US jobs, is now also axing 50 UK posts through voluntary redundancy. The publisher already cut 35 jobs here in January, then a plan emerged to cut seven percent of the US workforce. Now UK CEO Mark…

Business and medical publisher Reed Elsevier’s outgoing CEO Crispin Davis, given a somewhat heraldic exit interview in the Financial Times, has said he should have acted sooner to sell Variety and Farmer’s Weekly pubilsher Reed Business Information (RBI), the divestment of which Reed announced last year before buy-up attempts were…

B2B magazine publisher Reed Business Information is to cut 35 jobs in the UK, as part of a cost-cutting drive to reduce overheads following last year’s failed sell-off of the division by owner Reed Elsevier (NYSE: RUK), reports Guardian.co.uk. Earlier this week our sister site paidContent.org reported that cuts are…

So now that the closely watched auction process for Reed Business is off, what’s the post-mortem, and what are the next steps? For starters, it is a horribly depressing environment within the company right now. It isn’t pretty to not be wanted by your parent company, and be paraded by…

The verdict is in and the answer is: no sale. Reed Elsevier (NYSE: RUK) has announced that its torturous, nine-month campaign to sell the B2B magazine division is over. Reed announced to the stock market this afternoon that it has “terminated discussions with potential bidders” and that due to the…

The sale process of Reed Business is in its final stages, as one of the two bidders left in the fray, Texas Pacific Group/DLJ combo, has dropped out of the bid, according to reports. This leaves Bain Capital as the only bidder and with a shot to buy it following…

We could be approaching the end of the Reed Business Information sell-off saga - and it looks like Reed Elsevier (NYSE: RUK) will either get less than it hoped or pull the sale altogether. Bloomberg, citing two unnamed sources claiming knowledge of the sale process, reports offers for RBI have…

The CEO of B2B publisher Reed Business Information, Gerard van de Aast, is to step down next month and will relinquish his positions on the boards of both RBI and parent company Reed Elsevier (NYSE: RUK), throwing even more uncertainty on the former’s planned divestment from the latter. From December…

Managing to dodge the economy’s bullets in its remaining businesses, Anglo-Dutch science and business publisher Reed Elsevier (NYSE: RUK) told us what we already knew about the struggling efforts to sell its Farmers Weekly publisher Reed Business Information: “The process of divestment ... is at an advanced stage, although, in…

Just a few days after Reed Elsevier (NYSE: RUK) named a new CEO, it’s already lost one bidder for its on-the-block Reed Business Information (RBI) publishing unit. US equity fund management Apollo Management has pulled out of the auction, Financial News reports, citing “a source close to the situation”. That’s…

We thought it already sweetened the offer once, but now Reed Elsevier (NYSE: RUK) plans to offer a bigger vendor loan to finance the struggling sell-off of its Reed Business Information (RBI) unit. Reed was already wooing buyers with a $330 million loan, but the divestment is treading water so…

Reed Elsevier’s troubled attempt to sell-off its UK B2B division Reed Business Information appears to be in big trouble with the news that bids for the company since August have fallen about a half-billion dollars, according to Bloomberg. Two unidentified sources close to the deal told the news service the…

Reed Elsevier (NYSE: RUK) expects the sale of its Reed Business Information trade magazine unit to complete as early as October. In a memo seen by Dow Jones, Marianne van Leeuwen, CEO of the Holland operation, says bids were made for RBI “since last week”. “In the first three weeks…

Reed Business Information, the B2B magazine unit of Reed Elsevier (NYSE: RUK), is moving closer to sale, as the bidding enters the second round, after about 12 bidders in its first round. UBS, the bank for RBI, has invited McGraw-Hill (NYSE: MHP), the parent of BusinessWeek, and PE firm Bain…

—Reed Business Information: Times says Reed Elsevier (NYSE: RUK) will offer a loan to suitors for its on-the-block RBI B2B publisher - an indication the financial markets are not in good shape. The paper fingers Advent, 3i, Candover, Cinven, Providence Equity, Permira and Apax Partners as likely bidders, but says…

B2B publisher Reed Business Information - currently awaiting likely divestment from parent Reed Elsevier (NYSE: RUK) - is throwing open the doors to its online operation, hosting a day-long chat session in which editors from three of its specialist web publications are fielding questions from all comers in a live…