Pearson, the international media group, announced yesterday that it is to sell off some of its business and reference titles. The businesses up for sale include: Jossey-Bass, MacMillan General Reference and McMillan Library Reference.
The group, headed by Marjorie Scardino, looks set to make between £180 and £220 million from the sales.
Pearson released a promising trading statement towards the end of last year (see Newsline). At their last trade today, shares stood at 1357p, a rise of 30p (2.26%) from their closing price of 1327p yesterday.
Pearson: 0171 411 2000
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