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Wiley is planning to sell a number of professional and trade business assets across its culinary, travel, general interest, nautical, pets and crafts lists, including the Frommer's travel brand, study guides CliffNotes and reference brand Webster's New World.
US-based president and c.e.o. Stephen M Smith said: "We plan to drive long-term growth, accelerate our digital transformation, and optimise our return on investment by investing in content and services that provide our customers in research, learning and professional practice with knowledge resources that help them to realise their professional and personal goals.
"As a result, Wiley will re-deploy resources in its professional/trade business to build on its global market-leading positions in business, finance, accounting, leadership, technology, architecture, psychology, education, and through the For Dummies brand."
The company has appointed Allen & Company to manage the sale. The publisher reported that in Wiley's fiscal year ending 30th April 2011, the publishing assets offered for sale generated approximately $85m of revenue.