Or as they’d describe it “Re-Structuring”. Business Week reports that …”Educational publisher Reed-Elsevier says its full-year profits were up more than 60 percent following major restructuring programs.”
The short report which doesn’t provide any specific information on how the LN division is faring goes on to say..
http://www.businessweek.com/ap/financialnews/D9LEDLF00.htm
The company, which also owns the Lexis Nexis information service, on Thursday reported a 61 percent rise in profit on a constant currency basis to 642 million pounds ($1.03 billion) or euro751 million. The company reports in both currencies.
Revenue was down 1 percent at constant exchange rates to 6.055 billion pounds or euro7.08 billion. Restructuring costs were 57 million pounds, down from 182 million pounds in 2009.
Revenue from North America — more than half of the company total — was broadly flat.
Reed-Elsevier shares were down 0.2 percent at 573 pence in early trading on the London Stock Exchange.
