Britannica Weighs Selling Subsidiary

Sat., Aug. 10, 1996

From Staff And Wire Reports

Encyclopaedia Britannica Inc. said Friday it is considering selling its subsidiary that develops and markets teaching aid products for schools.

“Encyclopaedia Britannica Educational Corp. is a highly respected company in its field with excellent prospects, but it is not a perfect fit with its parent company’s new strategic direction,” said William J. Bowe, EBEC’s president and a vice president with the parent company.

EBEC markets a series of products to teach elementary and high school students science, math, geography and history.

EBEC’s parent publishes an encyclopedia in 32-volume books, Britannica CD and Britannica Online on the Internet.

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Britannica Weighs Selling Subsidiary

Jesse Tinsley

Jim Meehan

Molly Quinn

Rob Curley

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