NEWS: John Wiley& Sons Inc. said Tuesday that its fiscal second-quarter net income declined 16 percent, hindered by some charges. Journal subscription revenue climbed 2 percent to $164 million, while digital book revenue across its three segments surged 40 percent to $31.4 million.
Nov 14- Shares of Houghton Mifflin Harcourt Co, a textbook publisher that emerged from bankruptcy last year, rose as much as 33 percent in their market debut, valuing the company at about $2.23 billion. The offering was priced at $12 per share on Wednesday, below its expected price range of $14- $16.
The Supreme Court says copyrighted items made overseas are covered by federal law——and a person who buys a product is free to turn around and sell it.
WASHINGTON, Oct 29- Several justices on the U.S. Supreme Court voiced concern on Monday about letting U.S. copyright holders block the resale inside the country of products they make elsewhere, in one of the court's biggest copyright cases in years.
John Wiley& Sons has completed its $220 million acquisition of online education provider Deltak.edu, the publisher disclosed in a filing with the U.S. Securities and Exchange Commission on Thursday. Deltak.edu LLC is based outside of Chicago and had $54 million in revenue for the year ended Sept. 30. Shares of John Wiley& Sons rose 21 cents to $43.09 Thursday.
Oct 4- Google Inc said it reached a settlement with the Association of American Publishers to provide access to in-copyright books and journals digitized by the company for its Library Project. The lawsuit was filed against Google in 2005 by five AAP member publishers including McGraw-Hill Companies Inc, Pearson Education Inc and John Wiley& Sons Inc..
*Publishers and Google reach agreement. *As the settlement is between the parties to the litigation, the court is not. *Says under the agreement, books scanned by Google in the library project can.
HOBOKEN, N.J.-- Publisher John Wiley& Sons is buying online education provider Deltak.edu for $220 million to diversify its offerings and speed up its digital learning strategy. John Wiley& Sons, based in Hoboken, N.J., said Tuesday that the buyout is expected to close by the end of the month. Shares of John Wiley& Sons rose 5 cents to $45.53 in morning trading.
Oct 2- John Wiley& Sons Inc, the publisher of the "For Dummies" books, said it will buy privately held online learning services company Deltak.edu LLC for $220 million to strengthen its business with higher education institutions.
Wiley just sent me a release announcing plans to publish the book "Bailout Nation: How Easy Money Corrupted Wall Street and Shook the World Economy," by asset manager, economics blogger and media commentator, Barry Ritholtz.