LexisNexis: a progressive divorce

<p>Reed Elsevier's decision to sell its legal textbook business is a temptation to sigh sentimentally, but it is more rational to nod knowingly.</p><p>Like all publicly owned corporations, Reed Elsevier is sensitive to its share values, a burden aggravated in its case by the challenge to maintain the exceptionally high historical cash flow and profit ratios of the Elsevier journals and the Butterworth legal publishing.</p><p>It's a trifle disingenuous of the Lexis-Nexis spokesman to claim that "the company is seeking to focus on online delivery to reflect the change in customer needs". If c...

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