Reed consumer titles could fetch $1.5 billion

Article Abstract:

Reed Elsevier PLC has decided to abandon several consumer publications circulating in the US, UK and the Netherlands to concentrate on scientific, technical and business publishing. The divested entities are valued at $900 million and could easily be sold for as much as $1.5 billion. Reed Elsevier justified its management restructuring as a way of discarding advertising-dependent projects, a strategy which will ultimately help it rid itself of its debts.

PRINTING AND PUBLISHING, Publishing, Publishing Industries, Mergers, acquisitions and divestments, Reed Elsevier PLC

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SRDS upgrades ad rate CD-ROMs

Article Abstract:

Standard Rates and Data Service Inc. has upgraded its Electronic Media Kit Library CD-ROM to include audio and full-motion video capabilities. The CD-ROM product will add popular titles Readers Digest, Sports Illustrated and TV Guide to existing offerings. The company also plans to launch a World Wide Web site and provide alternative electronic formats to ad rate publications.

On-Line Information Services, Database Vendors, All Other Publishers, Information retrieval services, Catalogs & Directories, Miscellaneous publishing, Software, Product development, Database industry, Directories, CD-ROM databases, Standard Rate and Data Service Inc.

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