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Business Description
John Wiley & Sons, Inc. (John Wiley) is a global publisher of print and electronic products, providing must-have content and services to customers worldwide. The Company's businesses include professional and consumer books and subscription services; scientific, technical and medical journals, encyclopedias, books, as well as online products and services, and educational materials, including course management and study guides for undergraduate and graduate students, teachers and lifelong learners. The Company has publishing, marketing and distribution centers in the United States, Canada, Europe, Asia and Australia. During the fiscal year ended April 30, 2004, (fiscal 2004), the sales outside the United States accounted for approximately 39% of the Company's revenue.

Financial Information
For the six months ended 10/31/04, revenues increased 6% to $474 million. Net income decreased 2% to $46.3M. Revenues reflect increased product sales. Earnings were offset by higher administrative expenses as a percentage of revenues.