Variety Parent ‘Reed Elsevier’ to Shutter 23 Magazines

After a nine-month firesale of its magazine holdings, Reed Elsevier is closing down 23 trade pubs it wasn’t able to unload.

From Folio:

The affected titles include: Building Design+Construction, Chain Leader, Construction Bulletin, Construction Equipment, Consulting-Specifying Engineer, Control Engineering, Converting, Foodservice Equipment & Supplies, Graphic Arts Blue Book, Graphic Arts Monthly, HOTELS, Logistics Management, Material Handling Product News, Modern Materials Handling, Plant Engineering, Professional Builder, Professional Remodeler, Purchasing, Restaurant & Institutions, Semiconductor International, Spec Check, Supply Chain Management Review and Tradeshow Week. The news was announced internally at RBI by a memo from RBI Global CEO Keith Jones.

Since late last July, when the RBI magazines went back on the block, the company has been able to sell off several titles, the most recent the sale of Publishers Weekly.

Variety too has been on the auction block, but will continue running.

Reed Elsevier refused to disclose how many jobs would be lost from the closings.

Publish date: April 19, 2010 © 2020 Adweek, LLC. - All Rights Reserved and NOT FOR REPRINT