News

RBI Australia on the block

The local arm of one of Australia’s largest business-to-business publishers, Reed Business Information, is for sale.

The company, based in Chatswood in NSW, publishes industry magazines including advertising title B&T, Australian Doctor, Money Management, Travel Weekly and online directory Hot Frog.

B&T reports that Jeremy Knibbs, CEO of RBI Australia, said: “The business has been transformed over the last decade, embracing the opportunities of web-based advertising services and delivering strong growth in revenues and margin. RBI has been a good parent to us and we look forward under new ownership to build on the business’ success in developing profitable multi-media advertising models.”

Parent company Reed Elsevier put RBI up for sale globally four years ago but failed to find a buyer as the GFC struck.

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