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John Wiley CEO: Transition to Digital Spurring Sales, Stock Gains


John Wiley shares are surging this year because investors are seeing the margin expansion from the company's transition from print to digital, said Wiley CEO Stephen Smith. Smith added that the company is accelerating revenue growth by successfully integrating content, technology and services. He said the company's online education division has grown double digits in the past 3 years by partnering with universities to deliver the entire course, not just the textbook. Finally, Smith said that textbooks and exam prep materials hold their price points far better than other offerings from the publishing world.