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Wednesday, November 05, 2008

Reed and Informa

Crispin Davis, CEO of Reed Elsevier is due to retire next year when he has completed the sale of RBI (he hopes!). He is to be replaced by Bob the Builder.

Knowing something about scientific and technical media clearly not a neceessary qualification of the job. We wish him luck.

Meanwhile, some are speculating about how tight things are at Informa. With huge debt and tight bank covenants, a liekly weakening in the conference sector, it is likely that the the star division will be Datamonitor. Expect cash conservation actions throughout Informa as senior managers do all they can to ensure they don't breach those pesky covenants.

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