Reed Business Information, part of RELX Group, announced on 25 Novwember that it had completed the sale of all activities with regard to the Elsevier Weekly and BeleggersBelangen magazine to New Skool Media. Going forward, RELX Group will associate the Elsevier brand name exclusively with its scientific, technical and medical activities.
These publishing activities will be transferred to a new entity called ONE Business, with New Skool Media as the majority shareholder and Reed Business Information as the minority shareholder. The transition date is expected to be November 30th.
Reed Business Information’s strategy is to focus on providing information solutions and analytics for professional customers across global industries. New Skool Media is a publishing and media company focusing on the Dutch consumer market. Therefore, the publishing activities of Elsevier Weekly and BeleggersBelangen magazine fit well with the focus of New Skool Media.
The sale relates to the following activities and related assets and liabilities: Elsevier Weekly Magazine, Elsevier Weekly Magazine Online, Elsevier Juist, Elsevier Weekly Magazine Style, Elsevier Weekly Magazine Events, Elsevier Weekly Magazine Specials, Elsevier Weekly Magazine Books, BeleggersBelangen, BeleggersBelangen.nl, Beurs.nl, Grip op je Vermogen, Voormorgen.nu and Lead Solutions. All affected employees will take up employment with ONE Business.
Note to Editors
About Reed Business Information
Reed Business Information provides information and online data services to business professionals worldwide. Customers have access to our high-value industry data, analytics, information and tools. Our strong global brands hold market-leading positions across a wide range of industry sectors including banking, petrochemicals and aviation where we help customers make key strategic decisions every day. RBI is part of RELX Group, a world-leading provider of information and analytics for professional and business customers across industries. www.reedbusiness.com
About RELX Group
RELX Group is a world‐leading provider of information and analytics for professional and business customers across industries. The group serves customers in more than 180 countries and has offices in about 40 countries. It employs approximately 30,000 people of whom half are in North America. RELX PLC is a London listed holding company which owns 52.9% of RELX Group. RELX NV is an Amsterdam listed holding company which owns 47.1% of RELX Group. The shares are traded on the London, Amsterdam and New York Stock Exchanges using the following ticker symbols: London: REL; Amsterdam: REN; New York: RELX and RENX. The total market capitalisation is approximately £27.2bn/€32.0bn/$33.9bn.
For more information, please contact:
T: +31 (0)6-57563876
RELX Investor Relations
Colin Tennant, RELX Group
T: +44 (0) 207 166 5751