Posts Tagged ‘McGraw Hill’

McGraw Hill linked to Reed Elsevier sale

July 20, 2008
New Scientist is one of hundreds of Reed titles up for sale

New Scientist is one of hundreds of Reed titles up for sale

Bidders look to be lining up for Reed Business Information, Reed Elsevier’s trade magazine arm, which is valued at £1.25bn. The Sunday Telegraph has two dozen companies expressing an interest. They include US publisher McGraw Hill and private equity firms Bain and TPG.

Reed, which wants to reduce its dependence on advertising revenue, is offering to lend £160m to the successful bidder for the publisher of New Scientist, Variety and Flight International.

Reed profile