f a i t h * i n * f i c t i o n: Thomas Nelson Sold

f a i t h * i n * f i c t i o n

Tuesday, February 21, 2006

Thomas Nelson Sold

PW is announcing that an investment group, InterMedia Partners VII, has spent 478 million to acquire Thomas Nelson, thus taking the company private. That makes three Christian publishers sold in about 14 days. Seriously.

Because of my deep understanding of business and my crystal view of the future I can tell you, with absolute certainty, that I have no idea what this means. I guess we'll see what vision this guy has for the next generation in Christian publishing.

Net income for TN in 2005 was 19.817 million. I don't know that you pay 478 million for less than 5% return on investment.