Tuesday, January 08, 2008

Macmillan Acquisition

The NYTimes reports that Macmillan has acquired a custom educational textbook publisher named Hayden-McNeil Publishing for an undisclosed sum.
Brian Napack, president of Macmillan, said that custom publishing was the fastest-growing arm of the textbook market. He said that while Hayden-McNeil was “not huge at this point,” its revenue had been growing by double-digit percentages in the last five years.

Some of the larger educational publishers have established custom publishing operations already having built them organically. They have also reported similar growth percentages in revenues.

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