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May 2009 Archives

May 4, 2009

The Rumors of Our Demise...

...Have been greatly exaggerated. It's true that World Almanac Education Library Services is slated to close by the end of the current fiscal year (see below for press release), but this does not spell the end of The World Almanac and Book of Facts or The World Almanac for Kids. Alternate distribution to school and library customers is still being worked on, but we'll post any news right here as soon as it becomes available. Until then, feel free to e-mail us with any other questions you might have... and never fear, you'll still be able to buy a 2010 edition of The World Almanac.
Weekly Reader Publishing Group to Exit Library Market
PLEASANTVILLE, NY, March 10, 2009 - Weekly Reader Publishing Group (WRPG) has announced plans to focus exclusively on its core Weekly Reader brand and to exit two businesses that serve the library market. World Almanac Education Library Services (WAELS), based in Strongsville, OH, will close by the end of this fiscal year. Gareth Stevens Publishing (GSP), based in Pleasantville, NY, is being offered for sale through Broadwater & Associates (www.broadwaterllc.com), an investment bank that specializes in mergers and acquisitions for the publishing industry.
Neal Goff, President of WRPG, said: "We will be focusing strategically on our Weekly Reader-branded businesses, specifically our magazines and Custom Publishing businesses and our growing array of digital activities. We expect that this focus will support our efforts to grow the Weekly Reader brand."
Gareth Stevens Publishing serves the library market with non-fiction titles aligned to curricula. WAELS provides books and educational materials to school and public libraries. The two businesses formerly were part of WRC Media, a company that was integrated into The Reader's Digest Association, Inc., in 2007 through RDA's acquisition by a group of investors led by Ripplewood Holdings, LLC.

About May 2009

This page contains all entries posted to The World Almanac in May 2009. They are listed from newest to oldest.

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