Chrysalis Books To Divest Businesses; Names Robin Wood CEO

May 2005
Book Publishing Report;5/16/2005, Vol. 30 Issue 19, p1
Trade Publication
The article informs that media conglomerate Chrysalis Group PLC has reported yet another weak quarter for its books group. The company said the division had a net loss of 3.3 million dollars and announced plans to sell its children's and promotions divisions. The company hopes to eke out profitability in 2005 by continuing to publish its leading arts and crafts titles as well as chess books. The company also plans to pursue more exclusive publishing arrangements such as the alliance with National Magazines, publisher of Good Housekeeping, that has enabled Chrysalis Books Group PLC to publish successful Good Housekeeping-branded cookbooks.


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