Mumbai, 8th March: A joint venture between Infomedia 18 and Reed Business Information (RBI) has ceased operations as of the end of February. The joint venture, Reed Infomedia India, still exists as a legal entity, but all business operations have been halted. The process to dismantle the legal structure is underway. Established in 2005, the joint venture published four magazines and an online property. The titles were New Scientist, JCK, Logistics Management, Twice and www.Franchise.Business.in. RBI held a 51% stake in the joint venture company and it employed 35 people – half of the staff will be absorbed by Infomedia 18.  ContentSutra is reporting that Reed and Infomedia are in discussions to determine which of these titles will be published by Infomedia under license. Infomedia is thought to have already agreed to publish JCK and Logistics Management under a license agreement. The fate of the remaining properties will be decided at the joint venture’s board meeting scheduled for later this month.   Source: ContentSutra article

BIIA Newsletter April 2009 Issue