Reed buys ChoicePoint, opts to sell magazines

Article Abstract:

Looking to move away from traditional publishing, media conglomerate Reed Elsevier announces the purchase of personal data provider ChoicePoint Inc. for $3.5 billion and the assumption of $600 million in debt. Reed Elsevier also plans the sale of its trade-magazine division.

Strategy & planning, Forecasts, trends, outlooks, PRINTING AND PUBLISHING, Publishing, Publishing Industries, Printing & Publishing, Publishing industry, United Kingdom, Planning, Information services, Company business planning, Reed Elsevier PLC, Company business forecast/projection, Company forecasts, ChoicePoint Inc.

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Time Warner to sell book group for $537.5 million

Article Abstract:

Time Warner Inc. of the United States is to divest its book publishing business to Lagardere SCA of France for $537.5 million. This sale is the latest move in a strategic plan that involves a series of divestments. The book publishing business had a record year last year.

United States, AMUSEMENT & RECREATION SERVICES, Time Warner Inc., Entertainment industry, Company Profile

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