British Publisher Set To Buy 2nd-Biggest Education House



In the grandest example yet of consolidation in the educational publishing industry, the British owner of Addison Wesley Longman has agreed to buy the second-biggest K-12 educational house, Simon & Schuster, for $3.6 billion. Pearson PLC's combination of the two makes it arguably the world's dominant education business.

With the union, announced May 17, "you've got a new largest company," said Rick Blake, the vice president of the school division at the Association of American Publishers in New York City. The sale must be...

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