Reed CEO Admits, ‘We Should Have Sold RBI A Year Earlier’

Business and medical publisher Reed Elsevier’s outgoing CEO Crispin Davis, given a somewhat heraldic exit interview in the Financial Times, has said he should have acted sooner to sell Variety and Farmer’s Weekly pubilsher Reed Business Information (RBI), the divestment of which Reed announced last year before buy-up attempts were dashed on the credit market’s rocks months later.

Davis: “In retrospect, we should have moved earlier but we really didn