Wiley Takes Writedown On Weak Interest In Trade Assets; Reduces Earnings Guidance

Wiley's second quarter earnings report comes clean about the weakness of the trade publishing assets they have been trying to sell. The second deal--in which Houghton Mifflin Harcourt bought their culinary line and the CliffsNotes and Webster's New World Dictionary businesses--yielded just $11 million. Wiley has taken a writedown of…

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