Reed Business Information-US (www.reedbusiness.com/us), a division of Reed Elsevier (NYSE: RUK and ENL) and a leading business-to-business information provider, has sold Broadcasting & Cable, Multichannel News, and This Week in Consumer Electronics (TWICE) to NewBay Media (www.nbmedia.com), a provider of market leading brands for five verticals – Pro Audio, Broadcast & Video, Musical Instruments, AV/Consumer Electronics and K-12 Education. Each title will continue to be published as part of NewBay’s line of print, online, and in-person products and services.

Reed Elsevier (www.reed-elsevier.com) is a world leading provider of professional information and workflow solutions in the Science, Medical, Legal, Risk Management and Business sectors. NewBay Media is an affiliate of the Wicks Group of Companies (www.wicksgroup.com), a New York-based private equity firm.

The Jordan, Edmiston Group represented Reed Business Information-US in this transaction and acted as its exclusive financial advisor. For more information, click here.