Fate Of Remaining Wiley Consumer Line Will Be Decided Soon

Saturday 25th May

Fate Of Remaining Wiley Consumer Line Will Be Decided Soon

Posted at 7:44PM Wednesday 12 Dec 2012

With John Wiley having sold the largest, and most valuable, properties of its consumer publishing program to Google and Houghton Mifflin Harcourt, the company is likely to close down the remaining businesses by the end of its fiscal year in April if no deals can be reached, executives told analysts in a conference call discussing second quarter results. CEO Steve Smith said that Wiley is still in conversations with potential acquirers, but is "well prepared" to wind down the businesses if no transactions can be completed.

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