RBI’s UK travel sale raises question about future ownership of Aussie operation
The starting gun may have been fired on what could become a break-up of the global Reed Business Information empire, which includes several publications and websites in Australia.
RBI has agreed to sell its UK travel titles including Travel Weekly and Travolution to a team that will include the former Australian publisher Colin Morrison ,who headed up the UK joint venture between ACP and NatMags. Morrison is a former chairman of Magazine Publishers of Australia.
Reed Business Information is part of Reed Elsevier. Its Australian operation includes a local edition of Travel Weekly, Australian Doctor, B&T, Money management and the Australian edition of New Scientist.
Reed Elsevier went through a protracted process of trying to sell RBI as a single global deal. It resisted attempts by various publishers to cherrypick individual parts of the company.
About time they saw sense. There is value is a few of the titles but little in most of them. Refusing to sell the winners in an attempt to offload the duds made no sense. Reckon there will be sales quickly now.