Springer STM to be sold?

[Ann Okerson <ann.okerson@yale.edu>]

Probably old news, but see Publishers Weekly of June 24th, p. 12.  A boxed
news item notes that Bertelsmann is looking to divest itself of Springer,
in order to focus on more consumer-oriented businesses.  Apparently
Bertelsmann has decided not to go ahead with its earlier plans to become a
major player in the STM market.  "An investment banker noted that Springer
is large enough to attract a company looking to break into the
professional and/or American publishing market.  The US represents about
18% of Springer's total sales."