View all newsletters
Sign up for our free email newsletters

Fighting for quality news media in the digital age.

  1. News
October 29, 2008

Three parties left in RBI bidding revealed

By Rachael

The three parties left in the bidding for Reed Elsevier’s sale of Reed Business Information have been revealed by Forbes.

Former publisher of the Wall Street Journal Gordon Crovitz is working with a consortium made up of private equity limited partnership firm Apollo Management (founded in 1990 by American billionaire Leon Black), and private equity firm Zelnick Media, which also owns interests in Columbia Music Entertainment and ITN Networks.

ZenlickMedia is made up of a host of big name media and communication executives, including former was ceo of BMG Entertainment and president of 20th Century Fox Strauss Zelnick, former senior publishing executive of the Wall Street Journal Jim Friedlich and former executive vice president of News Coporation Ben Feder.

The second party is Boston-based private equity firm Bain Capital, which owns Burger King. The company has hired former chief executive of The Economist Group Helen Alexander as an advisor on the deal.

The final party is led by private equity investment firm TPG – formerly known as formerly Texas Pacific Group – and DLJ Merchant Banking Partners. TPG’s UK companies include Debenhams and chemical firm The Vita Group

Content from our partners
MHP Group's 30 To Watch awards for young journalists open for entries
How PA Media is helping newspapers make the digital transition
Publishing on the open web is broken, how generative AI could help fix it

Topics in this article : ,

Email pged@pressgazette.co.uk to point out mistakes, provide story tips or send in a letter for publication on our "Letters Page" blog

Select and enter your email address Weekly insight into the big strategic issues affecting the future of the news industry. Essential reading for media leaders every Thursday. Your morning brew of news about the world of news from Press Gazette and elsewhere in the media. Sent at around 10am UK time. Our weekly does of strategic insight about the future of news media aimed at US readers. A fortnightly update from the front-line of news and advertising. Aimed at marketers and those involved in the advertising industry.
  • Business owner/co-owner
  • CEO
  • COO
  • CFO
  • CTO
  • Chairperson
  • Non-Exec Director
  • Other C-Suite
  • Managing Director
  • President/Partner
  • Senior Executive/SVP or Corporate VP or equivalent
  • Director or equivalent
  • Group or Senior Manager
  • Head of Department/Function
  • Manager
  • Non-manager
  • Retired
  • Other
Visit our privacy Policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications.
Thank you

Thanks for subscribing.

Websites in our network