FW: Reed Elsevier hoists for-sale sign over education

["Hamaker, Charles" <cahamake@email.uncc.edu>]

Timesonline
15 February 2007
by:  Joe Bolger

Reed puts sale sign over - 1B pounds education arm

Analysts say the media group's troubled Harcourt textbook 
publisher could be worth one billion pounds and of interest to 
private equity

Reed Elsevier, the Anglo-Dutch media group, has kick-started 
plans to sell off its education division, as it seeks to focus 
its investment on its three other divisions.

[SNIP]

The announcement came as the group reported a dip in Harcourt's 
fortunes amid declining textbook markets in the US. The division 
reported a 20 per cent drop in operating profits to 129M pounds 
for last year, with US textbook markets estimated to have 
weakened by 6 per cent in 2006.

[SNIP]

http://business.timesonline.co.uk/tol/business/industry_sectors/media/article1388383.ece

Chuck Hamaker
Associate University Librarian Collections and Technical Services
Atkins Library
University of North Carolina Charlotte
Charlotte, NC 28223