No sooner have we reported on Reed's increased seriousness in China than we hear more news from India too. Exchange4media reports that Reed Business Information from the US has formed a new joint venture with Infomedia India Ltd. The company's press release says that the JV will be 51:49 in Reed's favour and will license over 100 titles.
Infomedia was previously a division of the Tata empire of companies. It was spun off in a management buyout, backed by investment bank ICICI and is now listed in Mumbai. Its other titles include Infomedia Yellow Pages and special interest magazines like Better Photography, OVERDRIVE, AV MAX, Search, IC CHIP and Auto Monitor.
This is Reed's second foray into India this year. Back in September, we reported that JCK was launching a New Delhi edition together with InterAds.
Thursday, December 15, 2005
...and in India too
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment