Wiley Revenue up 2% in 2012, Digital to 40% of Total
Revenue at trade and professional publisher John Wiley & Sons Inc. rose to $1.78 billion in fiscal year 2012, up from $1.74 billion, a 2% increase. According to a statement from management, 40% of Wiley’s revenue was digital in 2012.
Wiley’s scientific, technical, medical and scholarly division led the way in digital with 61% of division revenues coming from digital, including a job board called the Wiley Job Network and a 26% increase in articles accessed.
On the trade and professional side, 15% of Wiley revenues came from digital, up from 10% in fiscal year 2011. E-book sales increased by about 70% to $40 million for the year, the company said in its statement.
In March, Wiley announced that it would explore opportunities to sell its consumer print and digital publishing assets, including the Frommer’s, Cliff’s Notes and other assets. The company’s strategy is to focus its efforts on its business, finance, technology and other segments, including its For Dummies brand.
In Wiley’s global education division, digital revenue was flat at 16% for the year — the same as last fiscal year.