For nearly 250 years, the Encyclopaedia Britannica was a bookshelf-busting series of gilt-lettered tomes, often purchased to show that its owners cared about knowledge.
Britannica Group, as the company is now known, runs websites, including Britannica.com and the online Merriam-Webster dictionary, and sells educational software to schools and libraries.
Jorge Cauz, its chief executive, said in an interview that the publisher enjoyed pro forma profit margins of about 45 percent.
The company is weighing an initial public offering, in which it could seek a valuation of about $1 billion, according to a person with knowledge of the deliberations.
#encyclopaedia-britannica #digital-transformation #business-strategy #profit-margins #public-offering
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