Frankfurt has scored a spectacular coup, but don't write Reed off just yet

<p>One of Reed's worst nightmares is in danger of becoming a reality: it faces the prospect of losing a well-established, wildly successful and highly lucrative trade show almost overnight.</p><p>It wasn't supposed to be this way. The London Book Fair has been one of the great success stories of the past decade, transformed from a parochial event into a showcase for world publishing, besieged by visitors and exhibitors alike. Meanwhile, Frankfurt was under the cosh, its organisers barracked for not catering to the needs of the international publishing business. At one stage, Reed was even r...

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