Cahners Sells Automotive and Trucking Properties To Randall Publishing

    NEW YORK--March 23, 2001--Cahners Business Information, North America's leading provider of business-to-business information and a member of the Reed Elsevier plc group , today announced that it has sold four automotive and trucking properties to Randall Publishing Co. of Tuscaloosa, Ala.
    As previously announced, Cahners is selling these properties as part of its ongoing effort to focus growth in strategic market sectors. Terms of the transaction were not disclosed.
    The publications included in this sale are Automotive Industries, RPM, Owner Operator, and Commercial Carrier Journal.
    This transaction was handled by Jordan Edmiston Group, Inc., a New York City investment bank specializing in the publishing, information, and new media industries.