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
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
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
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
As part of the cost-cutting moves, CW360 will move offices from central
London to the company's HQ in Surrey.