Peerless Media Acquires Four RBI Titles

Former Reed Business Media employees have banded together to buy back four of the company’s formerly to-be-folded titles, Folio: reports.

Brian Ceraolo, publisher of RBI’s Supply Chain Group, has formed “Peerless Media” with RBI’s former management team and entered into an agreement with RBI to acquire Logistics Management, Modern Materials Handling, Supply Chain Management Review and Material Handling Product News.

The deal, which is expected to close by month’s end, will ensure employees at those titles keep their jobs. Peerless Media has said they intend to all four magazines’ entire staffs at the group’s current Boston-area headquarters.