John Wiley & Sons (JW.A) Announces New Licensing Agreement with Meredith Corp (MDP)

December 1, 2008 1:23 PM EST

John Wiley & Sons, Inc. (NYSE: JW.A) (NYSE: JW.B) announced a new licensing agreement with Meredith Corporation (NYSE: MDP), under which Wiley will become the exclusive global book publisher for Meredith's Better Homes and Gardens brand.

Effective March 1, 2009, the new partnership between Wiley and Meredith will also encompass books published under other Meredith brands, such as Family Circle, American Patchwork and Quilting, and Diabetic Living. In addition to publishing new books, Wiley will become the exclusive distributor of existing books in all channels worldwide. These include the flagship cookbook Better Homes and Gardens New Cook Book, and cornerstone titles in other categories such as the New Garden Book and New Decorating Book.

Wiley anticipates publishing approximately 20 titles per year across the cooking, gardening, crafts, do-it-yourself, and home decorating categories. The first Better Homes and Gardens books to be published by Wiley will be released in spring 2009. Wiley adds Better Homes and Gardens to an unparalleled list of branded imprints, including For Dummies(R), Frommer's(R), Webster's New World(R), CliffsNotes(R), and Howell Book House(R).

John Wiley & Sons, Inc. is a global publisher of print and electronic products, providing content and solutions to customers worldwide. [SM]

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