RBI Maintains 2012 Online Target, Plans More Cuts

Variety and New Scientist B2B publisher Reed Business Information needs “additional cost-cutting fast” and “some things must be done differently or not at all”, according to an internal memo from RBI CEO Keith Jones reported by Dow Jones.

Dow Jones: “It also said it wants to raise the sale of online publications at RBI to more than 50 percent of its total revenue in the next three years.” But this isn’t new…

Parent Reed Elsevier (NYSE: RUK) declared the target in its 2008 earnings in February (see our report), when it said RBI