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BREAKING NEWS & VIEWS

Reed Sells Interior Design, Furniture Today to Sandow Media
Thursday, March 18, 2010

Reed Business Information-U.S. thinned its publication portfolio further today with the sale of Interior Design, Home Accents Today, Furniture Today and five sister publications and related online assets to Florida-based Sandow Media. Earlier this month, RBI sold its Library Journal titles to Media Source Inc. In February it sold four advanced design engineering publications to Canon Communications, and at the end of 2009 RBI sold its TV trade titles to NewBay Media.

In addition to Interior Design, Home Accents Today and Furniture Today, Sandow acquired RBI's Gifts & Decorative Accessories, Home Textiles Today, Casual Living, Kids Today and Playthings. Sandow is adding more than 100 employees from the transaction and will expand its New York City operations, according to a statement from Sandow Media. RBI's Greensboro, N.C., facility will also become part of Sandow.

Sandow Media publishes NewBeauty, Worth, Watch Journal and Luxe Interiors + Design. In the statement announcing the RBI deal, Adam I. Sandow, chairman and CEO of Sandow Media, said, "This is a rare opportunity for Sandow Media to acquire a group of industry-leading magazines and a very strong management team. These brands each have robust print, digital, event and research businesses and hold the category leader position in each of their respective markets."

The Jordan, Edmiston Group Inc. (JEGI) represented RBI in the deal.

If you have breaking news to share please contact Steve Smith at ssmith@accessintel.com

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