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Primedia, a publisher of consumer magazines, said yesterday that it had hired Credit Suisse First Boston to help sell its business information publishing unit.
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LEXISNEXIS, Dayton, Ohio, the legal information and publishing unit of Reed Elsevier Group, London, said it would buy Anderson Publishing Co., Cincinnati, for $21 million to expand its line of products for legal professionals practicing at small firms.
The new company will be part of McGraw-Hill Markets, once the company separates its financial information service from its publishing unit.
As News Corporation seeks to contain a widening investigation into illegal information gathering at its British publishing unit, the company may face fresh allegations at another problematic subsidiary.
Revenue at Time Inc, the company's publishing unit, fell 2%.
The Sony Corporation is said to be considering the publishing unit.
But the sale of its publishing unit ran into trouble.
News Corporation's publishing unit continued to lag.
The sale includes the two operating units of the publishing unit -- L.C.G.
The information publishing layer is to publish collected data to the end user directly and vividly.
Tencent beefed up its online publishing focus when it merged its publishing unit with Cloudary in 2015.
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