MEDIA: Reed Business cuts jobs and mags

Reed Business Information, the B2B publisher, has cut 56 jobs

across its IT, travel and aerospace titles.



The company is closing two titles, Freelance Informer and IT Today. The

latter will be turned into a supplement of RBI flagship Computer

Weekly.



Flight International, the weekly whose profile has been high following

the Concorde relaunch and 11 September airliner attacks, will also

suffer a number of redundancies.



CEO Keith Jones admitted that both IT Today and Freelance Informer were

'making substantial trading losses'. With RBI's overall revenues below

2000 levels and a sharp fall in profit, Jones said the cuts were 'in

line with the continuing weaknesses we anticipate in these industries in

2002'.



The most recent job cuts are the latest in a series of RBI redundancies

across several market sectors, including transport and construction as

well as IT, over the past few months.



It is not known whether CW360, the online news service that brought

together news from RBI's three existing sites, will be affected by the

changes.



Thirty-nine of the job losses are in the Reed Computer Group, and

include posts in IT recruitment.



CW360 MD Robert Brighouse was not available for comment. The portal was

launched earlier this year as competition to sites such as VNUnet.com

and Silicon.com (PRWeek, 16 March).



Hooman Bassirian, CW360 director of content, said at the time that it

would provide news and analysis of IT and internet issues, taking copy

from RBI titles as well as dedicated material from its original

editorial team of 18.



The site has two basic strands of news: one for resellers and one for

end users.



As part of the cost-cutting moves, CW360 will move offices from central

London to the company's HQ in Surrey.



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