Big news the end of last week! EBSCO announced their acquisition of YBP! YBP has been for sale for the past few months as B&T needed to strengthen its bottom line so some sort of change was inevitable. But — EBSCO has a lot of our business. Do we want to give them even more? There is a guest post by Jeff Kosokoff, the Head of Collection Strategy & Development for the Duke University Libraries posted on Scholarly Communications @ Duke (February 25) which raises some worthy issues.
More news! Reed Elsevier is now RELX Group plc. D.B. Hebbard of the Talking New Media website reports that “The Anglo Dutch media company Reed Elsevier today renamed itself RELX Group plc and announced a simplified corporate structure. The company also reported earnings in line with forecasts. Reed Elsevier was once a major player in the U.S. trade magazine market after a series of acquisitions including that of Cahners. But mismanagement, and poorly time and ill-advised tech acquisitions, forced a series of divestitures that whittled away at its U.S. assets. In 2012, Reed sold the Variety group to Penske Media. With Reed Business Information’s increasing focus on data services and the sale of our other US print magazines, it makes sense for us to sell the business,” Reed’s chief executive of the trade magazine division said at the time.
But Reed Elsevier, now RELX, is still one of Europe’s biggest players, reporting full year revenue of £5.77 billion, and an operating profit of £1.74 billion…”
The Evening Standard reported that the “sprawling structure is now combining all assets into a single group entity, Relx Group…”
And here are some additional reports:
- Reed Elsevier to rename itself RELX Group – Financial Times
- UPDATE 2-Reed to revamp under new name RELX after results underwhelm – Reuters
- Publisher Reed Elsevier to rebrand as RELX, rejig corporate structure – domain-b
- Reed Elsevier to rebrand as RELX starting in July – CityAM
David Crotty announced on Friday that the innovative Kent Anderson is retiring from Scholarly Kitchen, the blog that he began in 2008. Kent did not want any fanfare to accompany the announcement but there is a small press release. I remember when Kent spoke at the Charleston Conference back in 2010 on the panel Who Do We Trust? The Meaning of Brand in Scholarly Publishing and Academic Librarianship. Quoting Don Hawkins writing in Information Today, “Kent Anderson, publisher of the Journal of Bone & Joint Surgery noted that trust is a continuum from not trusting people at all to trusting them implicitly. He said that people or companies in the publishing chain are said to be trustworthy, but our actions show otherwise. Brands and processes are trusted more than people are, but since the use of social media has increased, we have been forced to trust people more than previously. Some brands have been stretched into several products; how much can they be trusted?” Here’s hoping that Kent will be back to Charleston this year!
And on more personal note, Beth Bernhardt had to put her lovable little dog Bridget down over the weekend. ;(