Monday, March 1, 2010

Reed Business Information exits the construction market in Australia; Reed US sells off its library titles

In an e-mail to advertisers, Reed Business Information announced their exit from the Australian construction market, citing a corporate restructuring decision.

“The decision to exit the construction B2B publishing market was based on the commercial viability of the magazines and websites we have in this sector. The changes we have made will allow us to focus resources and expertise on our other online and offline brands in the manufacturing, engineering and building markets," read the e-mail, according to Mumbrella, an Australian media and marketing web site.

The Australian magazine effected is Construction Contractor, a monthly. The March issue will be the last one produced. Additional moves were announced including a cut in frequency for two other RBI magazines in Australia.

In the U.S., the fate of Construction Equipment and the other construction magazine are in doubt as the company has announced its intent to sell off most of its titles, while retaining Variety and Reed Construction Data.

Update: is reporting this morning that Reed has sold its library titles, Library Journal and School Library Journal. They will update the story as they get more information.