RBI boss tells staff sell off heralds 'exciting new era for RBI UK'

Reed Business Information chief executive Keith Jones has told staff news that the company is being sold off heralds the start of “an exciting new era” for the B2B magazine publisher.

This morning, parent company Reed Elsevier said the B2B magazines in its Sutton-based Reed Business Information division were being sold off.

In an email to staff today, Jones said: “Reed Business’ senior management team are very confident in our company, as are all the RBI UK Board – so it’s very much a case of business as usual – we will continue to run our company as we have done in the past – producing the best magazines and online services, focusing on meeting our customers’ needs (whether it be for news and in-depth information or advertising/marketing solutions), investing in our long-term future, launching new services and acquiring fast-growing companies.

“At some point, we will have new owners – it’s far too soon to predict when this might be, or who our new owners will be – but I am sure there will be a lot of interest.”

He said that salary reviews will take place as per usual in April and that conditions of employment remain unaffected by today’s news.

He said: “RBI UK is in good shape for 2008 – we have our own challenges, as I explained in my note on The Business a few weeks ago – but we are a very successful company – the best business media company in the UK, with the best people and the best brands.

“I hope I can count on your support as we embark on what I believe will be an exciting new era for RBI UK.”

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