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Publishers Weekly up for sale … again

Publishers Weekly announced this morning that it’s being put up for sale. Reed Business Information, which publishes over 400 trade publications including PW, Library Journal, and School Library Journal, intends to sell most of its properties in order to escape the uncertain advertising market.

This is the second time that parent company Reed Elsevier has tried to rid itself of RBI: the company put the group up for sale last year, but later took it off the market due to depressed demand. At the time, The New York Times reported on potential buyers for RBI and its publications:

Analysts estimated that Reed Business Information would fetch at least $2 billion. Potential buyers could include Apax Partners, a British private equity group whose Incisive Media division bought American Lawyer Media last year for $630 million.

Some buyers may be more interested in specific titles.

“I think they’ll come out as a group first, and then depending upon market reaction, they may have to bundle some of the publications,” said Michael Parker, a managing director of the merger and acquisition advisory firm AdMedia Partners.

The division’s primary rival, Nielsen Business Media, has also been the subject of sale speculation, although the company denied the rumors.

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Book Pictures

Do you have great photos from a recent book event in Canada that you'd like to share with us? Submit them to the Quill & Quire Flickr pool and they'll show up here.

Steve Artelle

Chris Jennings

Kaie Kellough

Jenna

Hall of Honourers

Brandon Wint

Eva Stachniak's Empress of the Night

Eva Stachniak poses with a copy of her book, Empress of the Night

Tea and snacks inspired by Eva Stachniak's Empress of the Night

Rimma Burashko with author Eva Stachniak

Eva Stachniak talks to the audience about the best and worst of Catherine the Great's favourites

Eva Stachniak smiles as she signs a copy of Empress of the Night for a fan

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