If there were an Oprah Book Club for science, research, and education, books and journals published by John Wiley & Sons might be frequently featured. The company publishes scientific, technical, and medical works, including journals and reference works such as Current Protocols and Kirk-Othmer Encyclopedia of Chemical Technology . In total, it publishes more than 1,600 journal titles. It also produces professional and nonfiction trade books, and is a publisher of college textbooks. The firm publishes the For Dummies how-to series, too. Wiley has publishing, marketing, and distribution centers in North America, Europe, Asia, and Australia.
Wiley's recently streamlined its operating segments into Research, Professional/Trade, and Education.
Accounting for almost 60% of revenue, the Research segment provides digital and print scientific, technical, medical and scholarly journals, reference works, books, database services and advertising. Its online component, Wiley Online, provides access to 4 million articles from 1,600 journals and 15,000 books, and hundreds of reference works and databases. The division's
Professional/Trade publishes digital and print books, online assessment and training services, and test preparation and certification. It brings in about 20% of Wiley's revenue in helping financials analysts, and other professional, become chartered or certified.
The other 20%-or-so of revenue comes from the Education segment. It, too, provides digital and print content as well as online program management service for higher education and course management tools.
Wiley has its headquarters in New Jersey and has operations elsewhere in the US as well as Canada, Europe, Australia, and Asia. The US accounts for just more than half of revenue with 14% coming from Asia and 7% from the UK.
Wiley's revenue nudged up 1% to $1.78 billion in 2014 (ended April) from 2013. Contributions from recent acquisitions helped boost revenue. The company also saw growth in journal subscriptions and in digital books and other digital products. Net income jumped 11% to $160.5 million in 2014 from $144.2 million in 2013. In recent years, Wiley has divested assets in its Professional/Trade including Frommer's , Betty Crocker , Weight Watchers , CliffsNotes , and Webster's New World brands. Wiley has stated it is making the divestiture to accelerate its digital transformation, drive long-term growth, and focus on its core operations.
Part of Wiley's strategy is to acquire companies to open it to new markets or to fill gaps in the markets it serves.
About 67% of the company's biggest segment comes from subscriptions to scholarly and academic journals, which charge for access to the articles. There have been calls to provide access at least to research funded by the public. Several alternate journals have been started to provide open access to such research. Although Wiley has acknowledged that open access is a threat to its business model, it has not articulated an answer.
Meanwhile, the company has found new sources of revenue in strategic partnerships and licensed content. Wiley is the exclusive global publisher of
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