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From: americast-post@AmeriCast.Com
Organization: American Cybercasting
Approved: americast-post@AmeriCast.com
Subject: Companies In The Leading Industry
Date: Mon, 9 Nov 92 12:21:57 EST
Message-ID: <12.1992Nov9.122158@AmeriCast.com>

11/9/92


TITLE Companies In The Leading Industry #m#gm#m#Book Publishers
Rally With Nelson Thomas The Publishing - Books group, after two
years in the doldrums, has shown some resiliency this year.  As
of Thursday, the 17-stock group had gained 28.5% since Jan. 1.
The Standard & Poor's 500-stock index, during that period, is un-
changed.  Group leader Nelson Thomas Inc., which struck a high of
19 last week, is up 66% so far this year. The stock has been on
the rise for the past two years thanks to strong earnings growth.
The company has posted double-digit earnings gains of at least
14% in seven of the past eight quarters.

The Nashville, Tenn.-based publisher has cornered the Christian
book market. The company, which is already the world's largest
Bible publisher, has been increasing its market share in the re-
ligious publishing business through acquisitions.  Its most re-
cent purchase was the September $72 million buyout of Word Inc.
from Capital Cities/ABC Inc. In August, it purchased Here's Life
Publishers from the Campus Crusade For Christ.

John Wiley & Sons Class A has advanced about 45% since the begin-
ning of the year, and is now trading at its highest level since
July 1990. John Wiley's earnings have been spotty. In two of the
past four quarters it lost money.

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