Reed Takes Magazines Off Market
Variety, PW, Playthings, Video Business
Published: 12/11/2008 01:05am
Reed Elsevier has ended its efforts to sell Reed Business Information, the publisher of Variety, Publishers Weekly, Playthings, Video Business, and around 100 other trade magazines and Websites. “The board has judged it not possible to structure a transaction on acceptable terms at this time,” the company’s statement said. Prices had dropped to around half the originally projected $2 billion price tag for the group (see “Falling Prices May Kill Reed Business Sale”).
Reed said that it will attempt to sell the unit again in the “medium term,” when conditions improve.
|Confessions of a Comic Book Guy--Romancing the Comic|
|The Aftermath of Pro Tour 'Khans of Tarkir' and the TCGplayer Standard State Championships|
|The Shifting Cultural Landscape of Fan Conventions|
|Rolling for Initiative--How to Sell Me Your Game (or Your Comic or Anything Else)|
|DVD Round-Up: 'Pee-wee's Playhouse,' 'Mad Men,' & 'Snowpiercer'|
|Cryptozoic's Response to WotC
And Lawsuit UpdateCharges that WotC is trying to eliminate a competitor through litigation.