Reed Elsevier anticipates lower RBI revenue, sells RBI Germany

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London—In the wake of announcing last week that it was closing 23 trade publications at Reed Business Information-US, Reed Elsevier released Tuesday its “interim trading statement,” which reaffirmed that the company expected a “modest reduction in adjusted operating margin in 2010 due to a weak revenue environment and increased investment in legal markets.”

The company said advertising and marketing spending remains “difficult, although the rate of revenue decline is slowing as comparatives get easier.”

The company said bookings for its Reed Exhibitions unit remain behind 2009 levels.

Reed Elsevier said Reed Business Information as a whole anticipated lower revenue for the first half of this year compared with the same period in 2009. It also noted that it sold Reed Business Information Germany in March to European Professional Publishing Group.

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