Reed Elsevier owns many subscription information products, such as Lexis-Nexis and its recent acquisition, ChoicePoint. Davis said Reed Elsevierâs b-to-b marketer-supported properties, such as Reed Business Information and Reed Exhibitions, âare expected to show a significant profit decline this year, including the major effect in our exhibitions business of the net cycling out of biennial shows.â
Reed Business Information in the U.S. saw its 2008 revenue decline to 363 million euros ($457 million), a 5% drop in constant currencies. The business deteriorated in the fourth quarter, with revenue down 11%. Reed Elsevier reiterated its intention to divest Reed Business Information when the economy improves.