Wiley announced Wednesday that it has retained Allen & Company to “explore the sale of a number of consumer print and digital publishing assets in its professional/trade business that no longer align with the company’s long-term strategies.” That decision comes after a “strategic review of the company’s professional/trade business portfolio.” They are looking to sell a substantial portion of their professional/trade portfolio, comprising “approximately $85 million of revenue” in the most recent fiscal year. (That’s about 20 percent of the year’s trade/professional revenue $437 million for the most recent full fiscal year.) Those assets provided a “direct contribution to profit, before shared-service […]
