January 20, 2012
Thomson Reuters to Sell Foundation Press, West
Earlier today, Thomson Reuters announced that it is exploring strategic options for its Law School Publishing (LSP) business consisting of the West Academic Publishing, Foundation Press and Gilbert imprints, including a potential sale. Although LSP is an outstanding business with a long history of serving law school faculty and students, the company has made the decision to focus on growing from its core of subscription-based research and reference products, workflow solutions, software and services.
We are just beginning the divestiture process and do not expect any potential sale to be completed until the second quarter of 2012 at the earliest. In the meantime, we will operate our business as usual. We will continue to deliver our products and honor our ongoing commitment to providing the quality and service you have come to expect throughout the business's long and successful history.
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When TR bought West it looked they were buying a perpetual money machine. I guess the internet has killed another business model.
Posted by: Walter Sobchak | Jan 22, 2012 12:01:05 AM