Reed sells small RBI travel-publishing division

LONDON, July 8 (Reuters) - Reed Elsevier (REL.L)(ELSN.AS) has agreed to sell a small part of the RBI trade-magazines unit whose sale it scrapped last year to entrepreneur Clive Jacobs for an undisclosed sum, a spokesman said on Wednesday.

The travel-publishing division comprises Travel Weekly, Travolution, Gazetteers.com and associated online services and events, and accounts for about 1 percent of RBI's revenues, which were 1.244 billion pounds ($2 billion) last year.

Reed has put the sale of RBI on ice but still intends to divest it in the medium term, when markets improve, as it continues to cut to a minimum its exposure to advertising-dependent media. ($1=.6224 Pound) (Reporting by Georgina Prodhan; Editing by Hans Peters)