Thomson Reuters Sales Law School Publishing Business (Foundations Press, West) to Eureka Growth Capital

Thomson Reuters sold its print publishing for law schools business. On Friday, February 2nd, the law school publishing wing of the legal research provider was sold to Eureka Growth Capital, a private equity firm located in Philadelphia. According to spokesman John Shaughnessy, "It's a segment of the market that, longer-term, we didn't see as within the core of our legal research offerings...", which suggests that Thomson Reuters will be focusing solely on electronic content in the near future. WestlawNext, Westlaw Classic, and other e-resources that Thomson Reuters provides will continue to be available. The publishing wing, which was sold for an undisclosed sum, will continue to publish various textbooks and study guides, but will now go under the name "West Academic Publishing". For additional information see Eureka Growth Capital's press release or read the blog entries regarding the sale from TaxProf Blog or the Wall Street Journal Blog.

(This entry was originally written and posted by Darla Jackson)