TOP NEWS HEADLINES
October 1-15, 2003 Edition
HOME: http://www.authorlink.com Thomas Nelson Reports Acquisition
of World Bible Publishers Assets
NASHVILLE, TN/9/23/03—Thomas Nelson, Inc. (NYSE: TNM) today announced that it purchased certain assets of the World Bible Publishers division of RiversideWorld, Inc. on September 19, 2003. The purchase was made for cash. Additional terms of the transaction were not disclosed.
Commenting on the acquisition, Sam Moore, President of Thomas Nelson said, “World Bible Publishers is a respected name in our industry. This acquisition will add to our product base and demonstrates our commitment to the Christian market.”
The Company also announced that it expected to operate the business as a wholly owned subsidiary of Thomas Nelson, Inc. under the leadership of Terry Draughon.
Thomas Nelson, Inc. is a leading publisher, producer and distributor of books emphasizing Christian, inspirational and family value themes, and believes it is the largest publisher of Bibles and inspirational books in the English language. For more information, visit our website www.ThomasNelson.com.
Thomas Nelson’s Common stock and Class B Common stock is listed on the New York Stock Exchange (NYSE: TNM).