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Reed Elsevier PLC/NV
Type Public (LSE: REL,Euronext: REN,NYSE: ENL, NYSE: RUK)
Founded Merger of Elsevier and Reed International PLC in 1993
Headquarters London and Amsterdam
Key people CEO: Sir Crispin Davis
Chairman: Jan Hommen
Industry Publishing (science & medical, legal, education and business)
Revenue £4,584 million (2007)
Operating income £888 million (2007)
Net income £1,203 million (2007)
Employees 32,000 (2007)
Subsidiaries Elsevier
LexisNexis
Harcourt Education
Reed Business Information
Website www.reedelsevier.com

Reed Elsevier is a global publisher and information provider. A public company usually refers to a company that is permitted to offer its registered securities ( Stock, bonds, etc The London Stock Exchange or LSE is a Stock exchange located in London, England. Euronext NV is a pan- European Stock exchange based in Paris and with subsidiaries in Belgium, France, Netherlands The New York Stock Exchange ( NYSE) is a Stock exchange based in New York City. The New York Stock Exchange ( NYSE) is a Stock exchange based in New York City. Elsevier, the world's largest Publisher of Medical and Scientific literature, forms part of the Reed Elsevier group Year 1993 ( MCMXCIII) was a Common year starting on Friday (link will display full 1993 Gregorian calendar) London ( ˈlʌndən is the capital and largest urban area in the United Kingdom. Amsterdam (pronounced) is the capital and largest city of the Netherlands, located in the province of North Holland in the west For other uses of this term see Industry (disambiguation An industry (from Latin industrius, "diligent industrious" In business revenue or revenues is Income that a company receives from its normal business activities usually from the sale of goods and services The Pound Sterling ( symbol £; ISO code: GBP) subdivided into 100 pence (singular penny) is the Currency Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. In financial and business Accounting, earnings before interest and taxes (EBIT is a measure of a firm's profitability that excludes interest and income tax expenses The Pound Sterling ( symbol £; ISO code: GBP) subdivided into 100 pence (singular penny) is the Currency Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. Net income is equal to the Income that a firm has after subtracting costs and Expenses from the total Revenue. The Pound Sterling ( symbol £; ISO code: GBP) subdivided into 100 pence (singular penny) is the Currency Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. Employment is a Contract between two parties, one being the employer and the other being the employee. Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. A subsidiary, in business matters is an entity that is controlled by a bigger and more powerful entity Elsevier, the world's largest Publisher of Medical and Scientific literature, forms part of the Reed Elsevier group LexisNexis (sometimes simply called "Lexis" or "Nexis" among users is a popular searchable Archive of content from Newspapers Magazines Harcourt Education, is a publisher serving the pre-Kindergarten to Grade 12 school assessment and trade publishing markets in the US and primary and secondary school markets internationally Reed Business Information is a large business publisher in the United States United Kingdom continental Europe Australia and Asia A website (alternatively web site or Web site, a back-construction from the Proper noun World Wide Web) is a collection of Web pages Publishing is the process of production and dissemination of Literature or Information &ndash the activity of making information available for public view It came into being fall 1992 as the result of a merger between Reed International, a British trade book and magazine publisher, and the Dutch science publisher Elsevier NV,[1] forming the Reed Elsevier group, a dual-listed company consisting of Reed Elsevier PLC and Reed Elsevier NV. The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom, the UK or Britain,is a Sovereign state located The Netherlands ( Dutch:, ˈnedərlɑnt is the European part of the Kingdom of the Netherlands, which consists of the Netherlands the Netherlands A dual-listed company or DLC (also referred to as a Siamese twin) is a corporate structure which involves two listed companies with different sets of shareholders [2] It is listed on several of the world's major stock exchanges. [3]

Contents

History

Reed International

In 1894, Albert E. Reed established a newsprint manufacture at Tovil Mill near Maidstone, Kent. In 1903, Albert E Reed was registered as a public company. In 1970, the company name was changed to Reed International Limited. The company originally grew by merging with other publishers and produced high quality trade journals as IPC Business Press Ltd and women's and other consumer magazines as IPC magazines Ltd. For a time the company published The Daily Mirror. The original family owners the Reeds were Methodists and encouraged good working conditions for their staff in the then dangerous print trade. They became known also for paying their staff well, and avoiding casual labour practices. The company however in modern times took full advantage of changing attitudes in the 1980s and was associated in job cutting exercises throughout its magazine empire, following union de-recognition in the 1990s (union recognition has since been regained in several business units).

Elsevier NV

In 1880, Jacobus George Robbers started a publishing company called NV Uitgeversmaatschappij Elsevier (Elsevier Publishing Company NV) to publish literary classics and the encyclopedia Winkler Prins. The Winkler Prins is a Dutch Encyclopedia, founded by the Dutch poet and clergyman Anthony Winkler Prins (1817-1908 which ran through Robbers named the company after the old Dutch printers family Elzevir, which, for example, published the works of Erasmus in 1587. Elzevir is the name of a celebrated family of Dutch booksellers publishers and printers of the 17th and early 18th centuries Elsevier NV originally was based in Rotterdam but moved to Amsterdam in the late 1880s. Rotterdam (pronounced) is the 2nd-largest City by population in the Netherlands, located in the province of Amsterdam (pronounced) is the capital and largest city of the Netherlands, located in the province of North Holland in the west

Up to the 1930s, Elsevier remained a small family-owned publisher, with no more than ten employees. After the war it launched the weekly Elseviers Weekblad), which turned out to be very profitable. Elsevier is a Dutch weekly Magazine with a circulation of over 140000 copies A rapid expansion followed. Elsevier Press Inc. started in 1951 in Houston, Texas, and in 1962 publishing offices were opened in London and New York. Multiple mergers in the 1970s led to name changes, settling at Elsevier Scientific Publishers in 1979. Two years before the merger with Reed, Elsevier acquired Pergamon Press in the UK. Pergamon Press was a United Kingdom based publishing house founded by Robert Maxwell, which published scientific and medical books and journals

Company divisions

Reed Elsevier conducts its business through the following divisions:

Key products

ScienceDirect contains over 25% of the world's science, technology and medicine full text and bibliographic information. Reed Business Information is a large business publisher in the United States United Kingdom continental Europe Australia and Asia ScienceDirect is one of the largest online collections of published scientific research in the world

Scopus is the world's largest abstract and citation database of research literature and quality web sources. Scopus is updated daily.

Reed Business, Reed Elsevier's global Business division, is a provider of magazines, exhibitions, directories, online media and marketing services across five continents. Its prestige brands serve professionals across a diverse range of industries. These brands include Variety, New Scientist, totaljobs. com, Elsevier, Kellysearch, and the World Travel & Tourism Market.

In February 2007, Reed Elsevier announced its intention to sell Harcourt, its educational publishing division. Harcourt Education, is a publisher serving the pre-Kindergarten to Grade 12 school assessment and trade publishing markets in the US and primary and secondary school markets internationally [5] On 4th May 2007 Pearson, the international education and information company, announced that it had agreed to acquire Harcourt Assessment and Harcourt Education International from Reed Elsevier for $950m in cash. Pearson plc () is a London -based media conglomerate. It is the largest book Publisher in the UK, India, Australia [6] In July 2007, Reed Elsevier announced its agreement to sell the remaining Harcourt Education business, including international imprint Heinemann, to Houghton Mifflin Riverdeep Group for $4b in cash and stock. Heinemann is a UK publishing house founded by William Heinemann in Covent Garden, London in 1890 [7]

Pricing issues

Main article: Elsevier#Criticism

Reed Elsevier has been criticised for the high prices of its journals and services, especially Elsevier and LexisNexis. Elsevier, the world's largest Publisher of Medical and Scientific literature, forms part of the Reed Elsevier group Members of the scientific community have called for a boycott of Elsevier journals and a move to open access publications such as those of the Public Library of Science or BioMed Central. Open access ( OA) is free immediate permanent full-text Online access for any user web-wide to digital scientific and scholarly material primarily The Public Library of Science (PLoS is a nonprofit open-access scientific publishing project aimed at creating a library of Open access journals and other Scientific BioMed Central ( BMC) is a UK -based for-profit scientific publisher specialising in Open access publication [8]

Defense Exhibitions

Members of the medical and scientific communities, which purchase and use many journals published by Reed Elsevier, have agitated for the company to cut its links to the arms trade. Two UK academics, Dr. Tom Stafford of Sheffield University and Dr Nick Gill, have launched petitions calling on Reed Elsevier to stop organising arms fairs. [1][2]. A subsidiary, Spearhead, organizes defence shows, including a recent event where it was reported that cluster bombs and extremely powerful riot control equipment were offered for sale. Cluster munitions or cluster bombs are air-dropped or ground-launched munitions that eject a number of smaller submunitions a cluster of bomblets Riot control refers to the measures used by police military or other forces to control, disperse and arrest civilians that are involved in a Riot, demonstration [9][10]

In February 2007, Richard Smith, former editor of the British Medical Journal, published an editorial in the Journal of the Royal Society of Medicine, arguing that Reed Elsevier's involvement in both the arms trade and medical publishing constituted a conflict of interest. Richard Smith is a former editor of the British Medical Journal (BMJ and former chief executive of the BMJ Publishing group The Journal of the Royal Society of Medicine ( JRSM) is one of the UK’s leading medical peer-reviewed Journals. [11] He suggested that if academics began to disengage with Reed Elsevier, the company would be likely to end their arms fairs, as arms fairs only comprise a small proportion of their business.

On June 1, 2007, Reed Elsevier announced that they would be exiting the Defense Exhibition business during the second half of 2007. [12]

This means that the company will no longer organise arms fairs around the world. The decision follows a high-profile campaign, coordinated by CAAT, which highlighted the incompatibility of Reed's involvement in the arms trade and their position as the number one publisher of medical and science journals and other publications. Campaign Against Arms Trade ( CAAT) is a UK -based NGO and campaigning organisation working towards the abolition of the international Arms trade CAAT welcomes the decision and applauds the board of Reed Elsevier for recognising the concerns of its stakeholders. [13]

References

  1. ^ Edward A. Gargan. "Reed-Elsevier Building Big Presence in the U.S.", New York Times, 1994-10-06. Year 1994 ( MCMXCIV) was a Common year starting on Saturday (link will display full 1994 Gregorian calendar) Events 105 BC - Battle of Arausio: The Cimbri inflict the heaviest defeat on the Roman army of Gnaeus Mallius Maximus  
  2. ^ Reed-Elsevier corporate structure
  3. ^ Euronext: REN (NV), NYSE: ENL (ADR for NV), LSE: REL (PLC), NYSE: RUK (ADR for PLC). Euronext NV is a pan- European Stock exchange based in Paris and with subsidiaries in Belgium, France, Netherlands The New York Stock Exchange ( NYSE) is a Stock exchange based in New York City. An American Depositary Receipt (or ADR represents the ownership in the shares of a foreign company trading on US financial markets The London Stock Exchange or LSE is a Stock exchange located in London, England. The New York Stock Exchange ( NYSE) is a Stock exchange based in New York City.
  4. ^ Houghton Mifflin to buy Harcourt. Retrieved on 2007-07-17. Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. Events 180 - Twelve inhabitants of Scillium in North Africa are executed for being Christians
  5. ^ Reed Elsevier to sell education arm. Retrieved on 2007-02-21. Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. Events 362 - Athanasius returns to Alexandria. 1245 - Thomas, the first known Bishop of Finland
  6. ^ Pearson acquires Harcourt Assessment and Harcourt Education International from Reed Elsevier. Retrieved on 2007-05-08. Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. Events 589 - Reccared summons the Third Council of Toledo 1450 - Jack Cade's Rebellion: Kentishmen
  7. ^ Houghton Mifflin to buy Harcourt. Retrieved on 2007-07-17. Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. Events 180 - Twelve inhabitants of Scillium in North Africa are executed for being Christians
  8. ^ John Baez, What We Can Do About Science Journals, January 8, 2006
  9. ^ Shah, Saeed. John Carlos Baez (born 1961 is an American mathematical physicist at the University of California Riverside. "Cluster bombs on offer at arms fair despite sales ban", The Independent, 2005-09-14. Year 2005 ( MMV) was a Common year starting on Saturday (link displays full calendar of the Gregorian calendar. Events 81 - Domitian becomes Emperor of the Roman Empire upon the death of his brother Titus. Retrieved on 2007-02-21. Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. Events 362 - Athanasius returns to Alexandria. 1245 - Thomas, the first known Bishop of Finland  
  10. ^ Norton-Taylor, Richard. "Banned stun guns and leg irons advertised at arms fair", The Guardian, 2005-09-16. Year 2005 ( MMV) was a Common year starting on Saturday (link displays full calendar of the Gregorian calendar. Events 1400 - Owain Glyndŵr is declared Prince of Wales by his followers Retrieved on 2007-02-21. Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. Events 362 - Athanasius returns to Alexandria. 1245 - Thomas, the first known Bishop of Finland  
  11. ^ Smith, Richard. "Lancet publishers condemned over promotion of arms", Journal of the Royal Society of Medicine, 2007-02-20. Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. Events 1472 - Orkney and Shetland are left by Norway to Scotland, due to a Dowry payment Retrieved on 2007-03-18. Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. Events 37 - The Roman Senate annuls Tiberius ' will and proclaims Caligula emperor  
  12. ^ "Reed Elsevier says to exit defence industry shows", 2007-06-01. Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. Events 193 - Roman Emperor Didius Julianus is Assassinated 987 - Hugh Capet is elected  
  13. ^ CAAT - Arms Fairs

Additional references

External links


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