Library Journal for Sale as Reed Elsevier Says It Will Divest B2B Publishing Business
Reed Elsevier today announced plans to sell Reed Business Information (RBI), the parent company of Library Journal and sister publications Publishers Weekly, School Library Journal, and Críticas. In a statement, Reed Elsevier CEO Crispin Davis said that the company was divesting its advertising-based business-to-business publishing unit and moving more aggressively into a "risk management business," fueled by a $4 billion acquisition of ChoicePoint, a company that provides data and analytics to the insurance industry. Davis did not identify potential buyers for RBI, and had no timeline for the sale, but expected "a strong level" of interest in RBI from both "strategic and private equity buyers."
I wonder who those buyers might be. (NB! Do not read anything into this. I know nothing!)