Turner Publishing Acquires Pets, Crafts, and Other Titles from Wiley's General Interest Consumer Pub
Turner Publishing Acquires Pets, Crafts, and Other Titles from Wiley's General Interest Consumer Publishing Program
NASHVILLE, Tenn.--(BUSINESS WIRE)-- Turner Publishing today announced that it has acquired assets from John Wiley & Sons, Inc.'s (NYSE: JWa, JWb) pets, crafts, and general interest consumer publishing program. The terms of the acquisition, which closed April 2, 2013, were not disclosed.
Turner acquired the digital and print assets for approximately 1,500 Wiley titles from its consumer pets, crafts, and general interest publishing programs. Notable brands, authors, and titles include Howell Book House and Baseball Prospectus.
"This strategic acquisition broadens Turner's list, which spans a wide variety of fiction and nonfiction consumer publishing categories and represents an exciting growth opportunity within the crafts, pets, and general interest areas," said Todd Bottorff, President and Publisher of Turner Publishing. "The combination of Wiley's titles with our existing programs will significantly strengthen Turner's market position as a consumer publisher." Turner is a fully integrated publishing company that has produced over 1,000 titles since 1984 in a wide range of fiction and nonfiction categories including home & gardens, health & wellness, history, politics, & current affairs, and self-improvement, among many others.
"We believe that Turner Publishing is well-positioned to provide the strategic focus required for these assets to achieve their full potential and continue to flourish," said Mark Allin, Wiley's Senior Vice President, Professional Development. "While these assets have contributed to Wiley's success to date, Wiley is reshaping its portfolio to support growth opportunities in global research, education and professional practice, and create products and services that help customers become more effective throughout their education and careers."
It is the third sale associated with Wiley's planned consumer asset divestiture, which was first announced in March 2012. Those assets included consumer print and digital publishing programs in travel (including the well-known Frommer's brand), culinary, general interest, pets, crafts, Webster's New World, and CliffsNotes. On November 6,2012, Wiley completed the sale of its culinary, CliffsNotes, and Webster's New World Dictionary consumer publishing programs to the Boston-based global learning company, Houghton Mifflin Harcourt (HMH). On August 30, 2012, Wiley completed the sale of all of its travel assets, including the Frommer's brand, to Google.
About Turner Publishing
Founded in 1985, Turner Publishing is an award-winning, independent publisher based in Nashville, Tennessee with multiple New York Times best-selling authors. It has been named by Publisher's Weekly as one of the fastest growing independent publishers in the nation for the last three years. For more information, visit www.turnerpublishing.com.
About Wiley
Wiley is a global provider of content-enabled solutions that improve outcomes in research, education, and professional practice. Our core businesses produce scientific, technical, medical, and scholarly journals, reference works, books, database services, and advertising; professional books, subscription products, certification and training services and online applications; and education content and services including integrated online teaching and learning resources for undergraduate and graduate students and lifelong learners.
Founded in 1807, John Wiley & Sons, Inc. (NYSE: JWa, JWb), has been a valued source of information and understanding for more than 200 years, helping people around the world meet their needs and fulfill their aspirations. Wiley and its acquired companies have published the works of more than 450 Nobel laureates in all categories: Literature, Economics, Physiology or Medicine, Physics, Chemistry, and Peace. Wiley's global headquarters are located in Hoboken, New Jersey, with operations in the U.S., Europe, Asia, Canada, and Australia. The Company's website can be accessed at http://www.wiley.com.
Turner Publishing
Lianna McMasters, 615-255-2665
marketing@turnerpublishing.com
or
Wiley
Susan Spilka, 516-315-7721 (mobile)
Vice President, Corporate Communications
sspilka@wiley.com
KEYWORDS: United States North America Tennessee
INDUSTRY KEYWORDS:
The article Turner Publishing Acquires Pets, Crafts, and Other Titles from Wiley's General Interest Consumer Publishing Program originally appeared on Fool.com.
Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.
