Second Round Bids for RBI Due This Week

first_imgReed Elsevier announced in February that it was putting RBI,its b-to-b publishing arm, on the block. It was not immediately clear ifMcGraw-Hill is interested in purchasing individual titles or RBI as a whole. AMcGraw-Hill spokesperson declined to commentlast month when it was reported that the constructionand aviation magazine publisher was one of the prospective bidders.To help assure that RBI sells in one piece, Reed puttogether a group of banks to lend nearly $1.5 billion to the eventual buyer.RBI publishes a number of trade magazines, including Variety and PublishersWeekly. The second round of bids for Reed BusinessInformation could be due as early as Monday, with BusinessWeek parentMcGraw-Hill among the interested parties.UBS, the bank that’s organizing the sale, has invited morethan 10 groups including McGraw-Hill and private equity firm Bain Capital to submittheir second round offers, according to a Wall Street Journal report.The value of the bids is said to range between $1.87 billion and $2.33 billion.Final bids likely will be due in late October, the reportsaid.In releasing its first half financial results, London-based ReedElsevier last month said it had received a “strong levelof interest from buyers” and that it expects its divestiture of RBI to becomplete sometime within the second half of the year. RBI’s first half adjustedoperating profit was about $122.7 million, up 7 percent from $108.9 millionduring the same period in 2007. Revenue was $958.6 million, up 3 percent from$881.3 million during the same period last year.last_img read more

Nielsen Combines Media Entertainment Brands

first_img“There are some common advertisers across the brands, so it will definitely be a benefit as a result of the alignment, but not something that drove the decision,” the spokesperson wrote.The new media and entertainment will be led by senior vice president Gerry Byrne, who most recently oversaw Nielsen’s entertainment group. Also, marketing, media and visual art group senior vice president Sabrina Crow will take on the additional responsibility of corporate planning and developing, including strategic planning and M&A activities, the company said.Crow will continue to oversee the travel, training, photo, jewelry, food and real estate brands, which Nielsen regrouped under Brand Media Group.Last fall, Nielsen combined content development and distribution for Adweek, Brandweek and Mediaweek magazines under one editorial organization. In November, the company traded media rates and data provider SRDS to U.K.-based ad agency the WPP Group in exchange for the remaining 50 percent stake in AGBNielsen Media Research. Nielsen Business Media said it has combined its AdweekMedia and entertainment groups under a newly-created media and entertainment division.“This is part of an ongoing strategy to better integrate and align our businesses,” a Nielsen spokesperson wrote in an e-mail to FOLIO:. “About a year ago we created the entertainment group by bringing together two separate film and music groups. This move simply expands that entertainment group to include the media brands, and is just another step in harnessing the collective resources and strengths of those brands.”No layoffs were made and no magazine products were closed in association with the reorganization, the spokesperson said. Nielsen’s AdweekMedia group includes Adweek, Brandweek, Mediaweek and Editor & Publisher magazines, as well as the Clio Awards. The entertainment group is made up of several products, including The Hollywood Reporter and Billboard.last_img read more

LETTER TO THE EDITOR Beloved Tewksbury High Librarian Endorses Dave Robertson

first_imgDear Editor,David Robertson, this is a name I would like you to remember.  David Robertson is a candidate to fill the seat held by State Representative James Miceli for 40 years. The names Robertson and Miceli belong in the same sentence because for the past ten years they worked together, side by side, as the team that brought dependable, caring public service to the citizens of Tewksbury and Wilmington.During that decade of work in the State Representative’s office, David Robertson has developed the necessary qualities to begin service to this district on Day 1:David’s dedication to his constituents is unmatched.David’s knowledge of local issues is unparalleled.David’s command of the protocol and procedures of the State House is unrivaled.There could not be a better training ground for excellence in public service than standing at the side of James R. Miceli. In addition, Mr. Miceli understood the intelligence, compassion and commitment that David Robertson brought to work every day, and he valued this young man of exemplary character.On September 4th, in the Primary Election, I ask you to consider David Robertson as your candidate for State Representative. He stands prepared and ready to serve.Sincerely,Mary EldringhoffLike Wilmington Apple on Facebook. Follow Wilmington Apple on Twitter. Follow Wilmington Apple on Instagram. Subscribe to Wilmington Apple’s daily email newsletter HERE. Got a comment, question, photo, press release, or news tip? Email wilmingtonapple@gmail.com.Share this:TwitterFacebookLike this:Like Loading… RelatedLETTER TO THE EDITOR: Vote Dave Robertson For State Rep On November 6In “Letter To The Editor”LETTER TO THE EDITOR: Robertson Learned From The Best, Keep Him At The State HouseIn “Letter To The Editor”Tarr, Robertson & Gordon Secure $30,000 In State Funding For Wilmington Senior Center ImprovementsIn “Government”last_img read more

Finland police arrest 5 after stabbing spree

first_imgRescue personnel have cordoned off the area at the Turku Market Square in the Finnish city of Turku where several people were stabbed. Photo: AFPFinnish police arrested five people in a Turku apartment overnight in their investigation into a stabbing rampage that left two people dead, they said Saturday.Police shot and wounded a knife-wielding suspect on Friday, arresting him minutes after an afternoon stabbing spree at a Turku market square. Police on Saturday raised the number of injured in the attack from six to eight.“There was a raid and we have now six suspects in custody, the main suspect and five others,” detective superintendent Markus Laine of the National Bureau of investigation told AFP.“We are investigating the role of these five other people but we are not sure yet if they had anything to do with (the attack)… We will interrogate them, after that we can tell you more. But they had been in contact with the main suspect,” Laine said.Police have not confirmed the identity of the suspect, but Laine said investigators were “pretty sure” they knew who he was.Police have so far only described him as “a young man of foreign origin”, providing no other details except to say they were collaborating with the Finnish Immigration Service.The suspect is being treated in hospital in intensive care for a gunshot wound to the thigh.The motive for the attack was not yet known, and police have refused to confirm if it was terror-related.“We haven’t yet interrogated the main suspect because of his medical condition,” Laine said.Media reports in Finland said police believed the suspect had picked his victims at random, but Laine could not confirm that.Police have said it was likely the suspect acted alone, but added they were looking for “other possible perpetrators.”Central Turku was swiftly cordoned off after the attack, which occurred just after 4:00 pm (1300 GMT), although the area was reopened several hours later.Finland also raised its emergency readiness across the country after the stabbing, increasing security at airports and train stations and putting more officers on the streets.In June, Finland’s intelligence and security agency Supo raised the country’s terror threat level by a notch, from “low” to “elevated”, the second notch on a four-tier scale.It said at the time it saw an increased risk of an attack committed by the the so-called Islamic State (IS) group.last_img read more

A53 reopens two hours after accident

first_imgRead MoreLatest Staffordshire Police News Get the biggest Daily stories by emailSubscribeSee our privacy noticeThank you for subscribingSee our privacy noticeCould not subscribe, try again laterInvalid EmailThe A53 was blocked for two hours in both directions by a lorry following an accident The accident took place on the A53 Etruria Road near the junction with Lanehead Road – and the driver has been taken to hospital. The road was closed in both directions between A5010 Etruria Road / Festival Way (Festival Park Roundabout) and A500 D Road /Etruria Way ( Basford Roundabout). INRIX, a traffic data company, reports the accident has happened near Etruria Park and the road is blocked in both directions. The accident is believed to have taken place at around 9.30am and reopened at 11.30am Traffic was queuing in the area – with police asking motorists to seek alternative routes if possible. A Staffordshire Police spokesman said: “A53 – Etruria Vale Road was currently closed in both directions whilst officers respond to an incident. “We had the A53 closed both directions due to an incident by Festival Park.” Read MorePolice probe after North Staffordshire woman, 56, found dead in Central America The section of road reported blocked (Image: Google/INRIX) The approximate location of the accident The closure led to queuing traffic on other major roads in the area including Trinity Street in Hanley and the A500 Southbound. A West Midlands Ambulance Service spokeswoman said they had sent two ambulances to the scene and taken a man to hospital. She said: “We were called by Staffordshire Police to reports of a man in cardiac arrest in a lorry. “Police performed CPR on the scene. Two ambulances attended and paramedics took over advanced life support. “The man has been taken on blue lights to Royal Stoke University Hospital.” center_img Police find £250k cannabis factory There is no other reported traffic disruption in the city at the moment. For more live traffic and travel news from across Stoke-on-Trent, North Staffordshire and South Cheshire visit our daily live news service here.last_img read more