Reed Elsevier is to invest an extra £200 million in online development and marketing next year and will restructure its publishing operations into three global divisions.
As revealed by Media Week (December 10), the changes will have ramifications for the company’s UK business publishing operation, Reed Business Information. RBI is to shed up to 70 jobs over the next three months to offset its investment in web publishing.
Crispin Davis, Reed Elsevier’s new chief executive, said the company’s business would be aligned globally into scientific, professional and scientific operations – each likely to have its own chief executive. The one-off costs of the reorganisation is likely to amount to £250 million over three years, Davis said.