John Wiley & Sons Inc
Here is a picture of the Closing Bell ceremony at the New York Stock Exchange this past Tuesday. Several members of the John Wiley & Sons management team are joined by Mayor Dave Roberts and a Hoboken Policeman.
5/1/2007 Official 200th Anniverary:
At the close of the Stock Market today, Wiley (Hoboken’s largest employer) will officially be 200!
Here’s a blurb, and read the original press release from January.
“Founded in 1807, during the presidency of Thomas Jefferson, Wiley has been a vital source of information and understanding for generations of learners. For two centuries, Wiley has endeavored to teach, inform, and enlighten. Our history is intertwined with the advance of publishing, the evolution of modern science, a country’s hunger for knowledge, and the growth of a global community.
Today, as bold new technologies are changing the way we live and learn, Wiley is providing scientists, professionals, students, teachers, entrepreneurs, and life-long learners with more access to more content than ever before. “
Some news for the big Hoboken corporation:
John Wiley to buy Blackwell Publishing
Scientific and medical journal publisher John Wiley & Sons Inc. said Friday it will purchase British academic publisher Blackwell Publishing for about $1.08 billion in cash and debt (572 million pounds).
Specific financial details weren’t disclosed.
Wiley said principal shareholders of Blackwell Publishing have agreed to sell their shares to Wiley. The companies expect the deal to close early in 2007.
Based in Oxford, Blackwell Publishing’s revenue in 2005 was about 210 million pounds, or $380 million, which is about equal to Wiley’s global scientific, technical and medical business. Blackwell publishs about 825 journals, as well as about 600 books a year and a backlist of 6,000 titles. About 1,000 people are employed worldwide, with operations in Europe, the U.S., Australia and Asia.
Blackwell Ltd., the book library service and retailing business, is a separate entity and is not part of the acquisition, Wiley said.
“The combination of Blackwell Publishing and Wiley, two of the world’s most respected global publishers, is a rare opportunity with highly favorable, long-term strategic implications,” said William J. Pesce, Wiley’s president and chief executive officer. “The combined business will publish approximately 1,250 scholarly peer-reviewed journals and an extensive collection of books with global appeal.”
John Wiley shares fell 66 cents to $40.29 in morning trading on the NYSE.
Description – Publishers
Website – www.wiley.com
Address – 111 River St, Hoboken, New Jersey ( NJ ) 07030
Telephone – (201) 748-6000