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June 10, 2010

Wiley Responds to Authors Guild

Hoboken, NJ

Since Wiley acquired the rights to all formerly Bloomberg book titles on March 11, we have been working to provide a wider audience and more sales for these authors.  On April 29, Wiley sent letters to the affected authors explaining some changes – in plain English, which we felt would be most helpful and informative for our authors.  Wiley invited authors to speak directly with a specific (and named) publishing officer if they wished to discuss these changes or raise questions.  Their response to the new alliance has been positive.  

This morning – without speaking with Wiley concerning its specific assertions – the Authors Guild issued an “alert” to its authors, claiming that the Wiley letter is deceptive and inferring that the Wiley changes it effects will reduce royalties for all or most former Bloomberg authors.  This is simply not the case. We believe former Bloomberg authors will be paid higher royalties in most instances.  The limited number of contract amendments the AG apparently chose to select are not therefore representative; nor are their “calculations” accurate.  In any event, Wiley stands by its offer to discuss their individual contracts with all affected authors.  We are happy to address any questions and concerns they may have about their individual contracts.  Wiley is committed to the Bloomberg authors and is confident we will provide the best possible working relationships for them.

 

About Wiley

Founded in 1807, John Wiley & Sons, Inc. has been a valued source of information and understanding for more than 200 years, helping people around the world meet their needs and fulfill their aspirations. Wiley and its acquired companies have published the works of more than 400 Nobel laureates in all categories: Literature, Economics, Physiology or Medicine, Physics, Chemistry, and Peace.

Our core businesses publish scientific, technical, medical, and scholarly journals, encyclopedias, books, and online products and services; professional/trade books, subscription products, training materials, and online applications and Web sites; and educational materials for undergraduate and graduate students and lifelong learners. Wiley's global headquarters are located in Hoboken, New Jersey, with operations in the U.S., Europe, Asia, Canada, and Australia. The Company's Web site can be accessed at http://www.wiley.com. The Company is listed on the New York Stock Exchange under the symbols JWa and JWb.