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.

Tim Burrowes

Tim Burrowes founded Mumbrella in 2008. He worked on Mumbrella until 2021. At various points he was editor, content director and editor-at-large.

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topics Jeremy KnibbspublishingRBIReed Business Information

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Comments: 3

TheDog 21 Mar 12

Tim – I think you’ll find that the global RBI business (including Australian arm) was put up for sale a few years ago by Reed Elsevier and subsequently failed to sell. Pretty sure that the parent company, Reed Elsevier, was never for sale…

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mumbrella 21 Mar 12

You’re completely right., The Dog. As I worked there at the time, it’s surprising how soon you forget… story now amended.

Cheers,

Tim – Mumbrella

Finance Idiot 21 Mar 12

Tim , you should make a play for it.

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