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Reed Business Information to merge two divisions

By Published on .

Oak Brook, Ill.—Business publisher Reed Business Information announced it will merge its Mardev data services division and DM2-DecisionMaker list management unit. The new database and marketing analytics unit will be called Mardev-DM2.

The move is the latest by RBI to cut or contain costs. Among its most recent magazine divestitures, RBI this month sold two library trade magazines, Library Journal and School Library Journal, to Media Source. Last month, it sold Electronic Design News, Design News, Test & Measurement World and Packaging Digest to Canon Communications.

RBI’s revenue fell 18% last year to $1.41 billion, from $1.56 billion in 2008, and logged an operating loss from continuing operations of $257 million last year.

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