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Article: Reed Travel outlines rebate plan.
- Article from:
- Folio: the Magazine for Magazine Management
- Article date:
- March 1, 1998
- Author:
CopyrightCOPYRIGHT 1998 Copyright by Media Central Inc., A PRIMEDIA Company. All rights reserved. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Reed Elsevier Business Information president and CEO Bruce Barnet maintains that no individuals are being faulted for the circulation overstatements at its Reed Travel Group, which will cost the company some $325 million in refunds and has led to a months-long, companywide probe. On January 20, Barnet announced not only the specifics of the refund arrangement but also that Reed plans to restructure the Secaucus, New Jersey-based travel group, moving several publications from that umbrella to the 120-title roster of Reed Elsevier Business information titles.
Reed Travel Group CEO Kathy Misunas -- who last August was quoted in published reports as saying Reed ...