Society of Academic Authors: January 2002News
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NEWS ARCHIVE: JANUARY 2002

Harvard editor quits over romance tale

BOSTON, Massachusetts, January 31, 2002 -- The editor of the Harvard Business Review, Suzy Wetlaufer, resigned amid an ethics flurry that she had been in romantic affair with retired General Electric luminary Jack Welch while doing an extended series of interviews for the journal. The resignation was accepted by Linda Doyle, chief executive at Harvard Business School Publishing Corporation, whose products include the Review, as well as books and newsletters. The Harvard Business Review is targeted at an elite business audience. Observers believed the Wetlaufer's resignation would hasten the journal's recovery from the embarrassment that Wetlaufer's journalistic integrity had been compromised. Wetlaufer had continued with the interviews after the romance was well developed, reports said.

ACADEMIC
JOURNALS
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Year-end wrapup: Then there were four

WINONA, Minnesota, January 21, 2002 -- Two mega-deals marked corporate mergers and acquisitions in 2001. Reed Elsevier of London acquired Harcourt, and then sold the textbooks mostly to Thomson of Canada. Vivendi of Paris bought Houghton Mifflin. The deals left McGraw-Hill as the only U.S.-owned educational publisher among the leaders in the United States. The Big Four: Pearson, McGraw, Thomson and Vivendi. Is anything left to buy up? "Scraps," said one industry observer.

DEALS

DATA BANK

2001 deals
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Federal judges: Class suit OK against Harper

NEW YORK, January 18, 2002 -- A four-judge federal panel ruled that an authors suit against HarperCollins for back royalties may proceed as a class action. The ruling was a major setback for HarperCollins, whose practice of selling books at deep discounts within the company was at issue. The authors claim the practice denied them royalty income. Thousands of Harper authors going back to 1993 printings, including textbook authors with thye company's ScottForesman brand, have a stake in a class action. The lead litigants, fiction authors Ken Englade and Patricia Simpson, say that HarperCollins sold books to HC Canada and other affiliates at discounts that gave the affiliates windfall profits while eroding author royalties. Before the federal appellate panel, Harper argued that its contracts with individual authors, not a group, and therefore aggrieved authors should be allowed to sue only individually, not as a class.

CON-
TRACTS

HarperCollins.
HARPER
COLLINS

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ARTICLE

Harper: We did no wrong
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DATA BANK
2001 educational publishing deals
Achievement Technologies








Bought Project Achieve, producer of curriculum management systems; terms not announced (December)
Benesse Holdings of Japan








Increased stake in Berlitz International to a majority; terms announced (July)
Britannica








Bought Centre for Educational Technology of Israel, a software company; terms not announced (February)
Cambridge Information








Bought R.R. Bowker, a bibliographic compiler, from Reed Elsevier; terms not announced (August)
Christian Book Distributors








Bought Home School from Courier Corporation; paid $800,000 (March)
CRC Press








Bought Parthenon Publishing, a medical publisher; terms not announced (June)








Bought Technomic Publisher, a science publisher; terms not announced (September)
Information Today








Bought Bowker directories from Cambridge Information; terms not announced (August)
Kaplan of Canada








Bought Study Seminar for Financial Analysts, which operates seminars; terms not announced (February)
McGraw-Hill








Bought Frank Schaffer Publications of Canada, a supplemental publisher, from Torstar; terms not announced (May)








Bought Uniscore, a test scoring company; terms not announced (November)
Nasco International








Bought American Educational Products, a supplemental publisher; terms not announced (June)
QSP Canada








Bought eFundraising, an online school fundraiser; terms not announced (July)
Princeton Review








Bought Embark.com, a college admissions company; terms not announced (October)
Reed Elsevier of Britain








Bought Harcourt, a textbook and professional titles publisher; paid $5.7 billion (July)








Bought Classroom Connect, a producer on online business resources; terms not announced (September)
Riverdeep Group








Bought Learning Company, a software producer; paid $60 million (September)
Scholastic








Bought Troll Communications, which operated book fairs, from Willis Stein; terms not announced (July)
SkillSoft








Bought Books24x7, an online technical information service; paid $32.4 million (December)
Thomson Learning of Canada








Bought Mexico-based ECAFSA, publisher of accounting and financial textbooks; terms not announced (January)








Bought Harcourt college titles from Reed Elsevier; paid $2.1 billion (July)
3i Group of Britain








Bought EIG, a Dutch educational publisher, from VNU; paid $171 million; (August)
Vivendi of France








Bought Houghton Mifflin; paid $2.2 billion (July)
Wicks Group








Bought Delta Education, which produced science materials, from Tortar; terms not announced (July)
Wiley








Bought Wright Books of Australia, a publisher of personal investment titles; terms not announced (May)








Bought Hungry Minds (formerly IDG), a trade and reference publisher; paid $182.5 million (August)








Bought Frank J. Fabozzi Publishing, a publisher of finance books; terms not announced (August)
Wolters Kluwer of the Netherlands








Bought CBF Systems, provider of financial services; terms not announced (January)








Bought Emanuel Publishing, publisher of legal education materials; paid $2.2 million (February)








Bought Compliance International, producer of regulatory and financial services; terms not announced (February)








Bought Strafford Publications, producer of accounting and specialized information; terms not announced (November)
WRC Media








Bought Child U, provider of online curriculum; terms not announced (April)








Bought Think Box, provider of a home learning content; terms not announced (April)
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