Reed Business Information (RBI) announced today that it has sold Library Journal and School Library Journal to Ohio-based Media Source Inc. The sale includes both the print and online properties associated with the two titles.
Media Source’s CEO, Randall Asmo, said described the two magazines as “valuable” and added that they each “deserve a corporate home focused on libraries.” Media Source already owns library and book-focused titles Junior Library Guild and The Horn Book.
Asmo added that both newly-acquired titles’ editorial and advertising teams would remain operating out of New York City. It is not yet clear whether there will be any layoffs related to the move.