Publisher of Poe, Cooper, Melville, Hawthorne in the 1800s Has Evolved
Into a Global Publisher
TORONTO, January 30 /CNW/ - William J. Pesce, President and CEO of John
Wiley & Sons, Inc. (NYSE: JWa) (NYSE: JWb), today announced that the global
publisher has reached its bicentennial year, an accomplishment it shares with
only a small number of companies.
"Countries celebrate bicentennials, not companies," said Mr. Pesce, who
is the 10th president in Wiley's 200-year history, a period in which there
have been 41 U.S. Presidents. "Founded in 1807, during the Presidency of
Thomas Jefferson, Wiley has endured the War of 1812, the Civil War, two World
Wars, and many other conflicts, as well as the Great Depression and the ups
and downs of many economic cycles, to become one of the world's most respected
publishers," he noted.
"Since our founding, Wiley has championed early American literature,
produced textbooks that helped define fields of study, and published
bestsellers and the works of Nobel Laureates. We have been an integral part of
every generation's journey, a valued source of information to help them meet
their needs and fulfill their aspirations," said Peter Booth Wiley, Chairman
of the Board, and one of the sixth generation of the Wiley family to be
involved with the Company.
In the decades after Charles Wiley opened a print shop in lower Manhattan
in 1807, he and his son John helped to establish a distinctly American
literary tradition by publishing such authors as James Fenimore Cooper,
Washington Irving, Herman Melville, Edgar Allan Poe, and many others. The
Company also developed critical scientific, technical, and engineering
knowledge during the second Industrial Revolution.
Wiley Canada was incorporated on April 17, 1968, with offices and a
distribution centre located in Etobicoke, Ontario. The Canadian publishing
program was launched in 1974 with a series of paperback science titles for
high schools. During the early years, Wiley Canada was the distributor of
Scribner trade titles, which included Hemingway and Fitzgerald, among others.
The first title published for the trade in 1980 was Take My Family . . .
Please by Gary Lautens. It won the Stephen Leacock Memorial Medal for Humour.
The first adaptation of a U.S. Higher Education title was in 1982, with the
publication of Intermediate Accounting by Kieso, Weygandt, Irvine and
Silvester. The first Canadian edition published later that year. Today, Wiley
Canada employs more than 140 people and publishes more than 80 indigenous
books per year.
Today, Wiley serves a global community of customers, authors, society
publishing partners, colleagues and shareholders with its deep reservoir of
must-have content and services. "Wiley has not only survived two centuries, we
continue to evolve and prosper," remarked Mr. Wiley.
Wiley is already investing in its third century with the acquisition of
Blackwell Publishing (Holdings) Ltd., one the world's foremost academic and
professional publishers. "As we mark our bicentennial, we are taking advantage
of a rare opportunity. Together, we will deliver even greater value than we
could as separate entities by providing more content to more people than ever
before in history," said Mr. Pesce. The acquisition is expected to be
completed in early February.
The Wiley family, an independent Board of Directors, and a professional
leadership team have delivered strong financial results and increased
shareholder value. Over the past decade, Wiley's revenue has increased by 11%
per year (CAGR) and its earnings per share has risen by 17% per year (CAGR).
Wiley's sustained success has not gone unnoticed. In December 2006, Standard
and Poor's added Wiley to its MidCap 400 Index. Early in January, Wiley was
named to the Forbes magazine's list of the "400 Best Big Companies in America"
for the first time. Forbes screened over 1,000 American and foreign
corporations with at least $1 billion or more in revenue, and a stock price of
at least $5, ranking them against their industry peers on 12-month and
five-year stock market returns, sales and earnings per share growth, and
Wiley has been repeatedly recognized for its distinctive culture, earning
a place on FORTUNE's "100 Best Companies to Work For" in 2005 and 2006;
Canadian Business magazine's 2006 list of "Best Workplaces in Canada"; the
U.S. Environmental Protection Agency's "Best Workplaces for Commuters" list
each year since 2004; and Working Mother magazine's "100 Best Companies for
Working Mothers" list in 2003. For the past five years, the Company was
awarded the "Employer of Choice for Women" citation by the Australian Federal
Government's Equal Opportunity in the Workplace Agency. In 1998, Wiley was
selected as one of the "Most Respected Companies," with a "strong and well
thought out strategy," by the Financial Times in a global survey of Chief
Executive Officers. Wiley was the only publisher on that list.
Wiley is launching its bicentennial celebration today with the worldwide
distribution of a video about the Company. On May 1, Wiley's leadership team
will enter its new fiscal year by ringing the closing bell at the New York
Stock Exchange, where its shares are traded.
In May, Wiley will publish a richly illustrated history book entitled
KNOWLEDGE FOR GENERATIONS: Wiley and the Global Publishing Industry, 1807-2007
by Timothy C. Jacobson, George David Smith, and Robert E. Wright. The book
tells Wiley's compelling story of sustained success, engaging personalities,
and dramatic changes in the context of world events. The book also documents
the long-term commitment of the Wiley family and its influence on the
Company's business and culture.
"As we celebrate our bicentennial, we look forward to collaborating with
our authors, partners, shareholders, and colleagues to write the next chapter
in Wiley's remarkable history. Together, we will make a lasting difference in
the lives of the people we serve," said Mr. Pesce.
For more information about Wiley and this special milestone, please visit
its 200th Anniversary Web site, www.wiley.com/go/bicentennial.
To view or download the Wiley 200th Anniversary Celebration video or
b-roll, see www.media.dssimon.com/taperequest/wil1.php.
Founded in 1807, John Wiley & Sons, Inc. has been a valued source of
information and understanding for 200 years, helping people around the world
meet their needs and fulfill their aspirations. Our core businesses include
scientific, technical, and medical journals, encyclopedias, books, and online
products and services; professional and consumer books and subscription
services; and educational materials for undergraduate and graduate students
and lifelong learners. Wiley's global headquarters are located in Hoboken, New
Jersey with operations in the U.S., Europe, Asia, Canada, and Australia. The
Company's web site is www.wiley.com. Wiley is listed on the New York Stock
Exchange under the symbols JWa and JWb.
For further information:
For further information: Wiley (U.S.) Susan Spilka, 201-748-6147
firstname.lastname@example.org or Wiley (Canada) Meghan Brousseau, 416-646-4584