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Tuesday, November 16, 2010

Publishers see growth in digital content sales

Recent press releases from Wiley and McGraw-Hill provide information about their digital content sales in higher education and e-book sales.

In a press release from Wiley, William J. Pesce, President and CEO, commented, “In all of our businesses, we are experiencing growth in sales of digital content. We recently added Google to the extensive list of eBook channel partners. Margins in our Higher Education business continue to improve with the growth of WileyPLUS, digital content sales to institutions, customized offerings, and low-cost print products.”

For the Higher Education business, revenue from e-books, digital content sold directly to institutions, binder editions, and custom publishing grew by 33% and represented 21% of the global Higher Education business during the quarter. In addition, Wiley’s e-book sales doubled for the quarter and nearly doubled over the prior year.

In a press release from McGraw-Hill, it says that one of the contributors to a strong third quarter performance was the “double-digit increases in the sales of digital products and services in higher education and professional markets.” In addition, the number of registrations for McGraw-Hill Connect and other online homework management, assessment, and tutoring products grew to 1.9 million which is a 26% increase over the same period last year.

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