Publishers depart Australia’s biggest trade press firm as RBI rebrands to Cirrus Media

cirrus media

New Cirrus logo | Source: B&T

Australia’s biggest trade press publisher has made two of its most senior executives redundant just a month after being sold to a private equity firm.

Among those understood to be leaving the former Australian arm of Reed Business Information are John Nuutinen – group publisher of B&T magazine, Travel Weekly and Lawyers Weekly – and Suzanne Coutinho – publishing director of the company’s flagship title Australian Doctor, Pharmacy News and the Financial Services group of titles.

In total about eight people are understood to have been made redundant.

The company is also to rebrand as Cirrus Media, which is named after the cloud that leads change.

Meanwhile the company’s CEO Jeremy Knibbs, digital executive Ben Sole and HR manager Gloria Madden, have emerged as minority shareholders in the new company, which was acquired private equity firm Catalyst Investment Managers from Reed Elsevier.

When the purchase from Catalyst was announced to staff, Knibbs said the move would create “no shocks or radical changes” with the current management team staying in place.

Meanwhile,the local edition of New Scientist, which was part of RBI Australia prior to the sale but did not move across, has withdrawn from the Audit Bureau of Circulation in Australia (Update: It will now be audited out of the UK.)

Mumbrella understands that Cirrus has also stepped back from its membership of trade body Publishers Australia, although the company is not necessarily intending to cut its links in the long term.

Knibbs was unavailable for comment at the time of posting.


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