Manoj,
You are right about that - we did not focus on digital publishing. Because that is not a segment that matters. Refer to the Segment info on BQ Sheet1.
Where is the FOCUS then - only one thing - if the business has done well in the past, why will it be sustainable in the future; Just why can't somebody dislodge it from its perch in its own niche - that's the one answer we want to find out - either way. Focus on where 80% of the business comes from.
Digital Publishing is an important segment no doubt in the overall publishing industry, and set to grow faster bigger in the years to come - the way content consumption needs are changing - multiple devices, multiple formats.
However competency - one would reckon is open to anyone and everyone, lots of players, not a protected market for them unlike the Academic/Educational Books & Journals segment; though they will continue to offer these services - more to complete service portfolio where existing customers - Academic/Educational customer need digital publishing/content transformation solutions, or newer customers like Apple say; volumes will be small, margin profile should be poorer. They might have some Marquee customers in this segment too, one can reckon. But the real moolah lies elsewhere
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