Tuesday, February 2, 2010

RBI Sells Asian Assets

The Geldof backed Tenalps, home of Kent TV and Teachers TV has acquired some magazine assets from RBI in Asia. This follows the disposal of assets in the USA and Australia. No news of the moneys involved but it won't make much of a difference to the Reed Elesevier balance sheet. What about the UK? What will the RE CEO say in March when Reed is next due to update the world on its strategy. It should be wholsesale change, or asset sales or both, but is more likely to be, holding on for the recovery - which would be a mistake wouldn't it?
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