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Posts Tagged ‘John Poulin’

Memo: RBI Begins To Shutter Trade Pubs It Can’t Sell

MBT.jpgThe closures have begun at Reed Business Information‘s U.S. trade magazine properties.

On the last day of the year, RBI US CEO John Poulin sent a memo to staffers, updating them on developments in RBI’s efforts to sell off a bulk of its U.S. holdings.

Although some titles, like Broadcasting & Cable, Multichannel News and TWICE, have been sold, Poulin said that some remaining pubs would likely face the axe:

“We are in advanced discussions to sell a number of titles to separate purchasers and, if these are satisfactorily concluded, expect to make announcements on these sales in the next few months. We have not been able to sell the business as a whole and this unfortunately will result in title closures and job losses across the business during the first half of the New Year.”

Today, we got word of some news of closings. According to an internal memo that went out today from Jeff DeBalko, president of business media, RBI has closed Manufacturing Business Technology (or MBT), Industrial Distribution and Video Business, effective today. What’s more, DM2, which manages targeted B2B postal and e-mail lists, will no longer manage non-RBI lists, starting in April.

Requests for comment from RBI have not yet been returned An RBI spokesperson confirmed the closure news, but declined to comment on whether anyone would be let go, so we’re not sure how many people will be affected by this change. Know anything? Leave a tip in the box on the right or send us an email.

Full memo after the jump

Earlier: RBI Sells Broadcasting & Cable, Multichannel News And TWICE

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Layoffs, Closures Expected At RBI|2010 Looks Promising For Gannett|New Year’s Resolutions|Ad Spending|Tina Brown on Newspapers

PaidContent: Layoffs and closures are expected at Reed Business U.S. after the company has failed to sell off a bulk of its magazine portfolio. Read the memo from CEO John Poulin here.

Gannett Blog: Although the company is starting the year with the lowest number of employees since 1997, Gannett‘s employment outlook looks better than last year.

WWD: Some New Year resolutions from magazine editors, including getting more ad pages and booking more celebrities for covers.

Wall Street Journal: Ad spending may have ticked up at the end of 2010, giving some hope for the coming year, but publishers are still cautious.

Daily Beast: Tina Brown says stop blaming the Internet for the death of newspapers. “American newspapers are dying mostly because they were so dull for so long a whole generation gave up on them. They needed to innovate back in the Fax Age of the 1980s but were too self-important and making too much money with their monopolies to acknowledge it.”

WWD Set To Take Over Jewelry Trade Pub JCK

JCK_December_Cover_2009.jpgReed Business Information has been trying to sell off part of its U.S. business, and today it looks like it has entered into a partnership with Condé Nast-owned Fairchild Fashion Group regarding its jewelry industry trade magazine JCK.

In a memo sent to RBI staffers today, obtained by FishbowlNY, RBI CEO John Poulin told staffers that the new licensing agreement will allow Fairchild’s fashion trade Women’s Wear Daily to take over operations at JCK, resulting in a new magazine, WWD/JCK Magazine. Fairchild will now start interviewing JCK staffers for positions on the new mag, with the transition set to wrap up by March, Poulin said.

Poulin’s full memo, after the jump

Previously: Reed Elsevier To Sell Part Of U.S. Business, RBI Sells Broadcasting & Cable, Multichannel News and TWICE

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RBI Sells Broadcasting & Cable, Multichannel News and TWICE

B&C.jpgReed Business Information has sold three of its business-to-business publications, Broadcasting & Cable, Multichannel News and TWICE to NewBay Media, the publisher of broadcasting b-to-b titles like Television Broadcast and Radio World and an affiliate of private equity firm the Wicks Group.

“With this acquisition NewBay adds significant depth and breadth to its existing portfolio of broadcast properties, including TV Technology and Television Broadcast, and consumer electronic properties, including Residential Systems,” said NewBay CEO Steve Palm in a statement about the deal.

According to a memo sent to staff today by RBI’s CEO John Poulin, obtained by FBNY, staffers at the publications “will remain at RBI as we work with NewBay Media to complete the transition,” although their future at NewBay seems uncertain. A NewBay spokesman told FishbowlNY that he was unaware of the future plans for the brands and their staffs, but a tipster tells us the company will offer jobs to the employees they want to keep by the end of the year. (Know anything? Send us an email or leave a tip in the box on the right.)

Poulin also said the company was continuing to work on finding new homes for the other RBI brands — including Publishers Weekly and Library Journal — that the company has been looking to sell since the summer.

In July, RBI Global CEO Keith Jones revealed that the company was putting nearly 50 of the company’s publications on the block. “We have decided to focus our efforts and investments on a narrower range of brands and markets,” Jones said at the time.

Full memo after the jump

Previously: Breaking: Reed Elsevier To Sell Part Of U.S. Business

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Breaking: Reed Elsevier To Sell Part Of U.S. Business

pw.pngIn a memo to staffers today, Reed Business Information Global CEO Keith Jones revealed a plan to divest a bulk of the company’s U.S. publications. RBI will hold on to Reed Construction Data US & Canada, RS Means, Variety, Marketcast, LA411 and Buyerzone, Jones said. The rest of the U.S. titles will be sold, including Publishers Weekly, Library Journal, Broadcasting & Cable and Multichannel News.

“We have decided to focus our efforts and investments on a narrower range of brands and markets, and with this in mind we are announcing today our intention to divest a significant part of the RBI US business,” Jones said in his memo. “This has been a difficult decision to reach as there are many strong brands here, with very experienced and professional teams running them, but we have concluded that they are less well suited to RBI’s strategy going forward.”

Jones also added that Tad Smith, CEO of RBI’s U.S. business, has resigned “to pursue a new job challenge.” He will be replaced by EVP and CFO John Poulin, who has been appointed acting CEO.

Jones’ memo is below. We will keep you posted as news develops. And, as always, your tips are welcome.

Update: RBI’s parent Reed Elsevier has put out a statement and a full list of those properties that have been put on the block — nearly 50 publications plus their related international editions and online products. “We have had to contend with a far harsher advertising environment than any of us have experienced before and, in such a climate, we have to focus not just on innovation and efficiency, but also on ensuring that our portfolio is well-matched with our long-term ambitions,” Jones said.

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