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Weekly News Digest

May 14, 2001 — In addition to this week's NewsBreaks article and the monthly NewsLink Spotlight, Information Today, Inc. (ITI) offers Weekly News Digests that feature recent product news and company announcements. Watch for additional coverage to appear in the next print issue of Information Today. For other up-to-the-minute news, check out ITIís Twitter account: @ITINewsBreaks.

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Reed Elsevierís Acquisition of Harcourt Given the OK by U.S. Justice Department

Reed Elsevier (http://www.reedelsevier.com) has announced that the U.S. Department of Justice will allow the company's proposed acquisition of Harcourt General, Inc. to proceed without challenge [see http://newsbreaks.infotoday.com/nbreader.asp?ArticleID=17713 and http://newsbreaks.infotoday.com/nbReader.asp?ArticleId=17604]. The U.S. Department of Justice review of the sale by Reed Elsevier of certain Harcourt assets to The Thomson Corp. is continuing. Outside the U.S., the acquisition has already received clearance from the competition authorities in Germany, Austria, and Ireland and now awaits regulatory clearance only from the U.K. competition authorities.

Seeking to block the sale, the Association of Research Libraries (ARL) had been meeting with the Department of Justice. In response to the decision, ARL posted a statement on its site (http://www.arl.org/scomm/harcourt2.html) that expressed continuing concern about the potential impact on its members: "We hope that this merger does not follow the pattern of previous mergers, whereby consolidation negatively impacted the academic, research, and library communities." The organization promised to "monitor closely developments in pricing that follow this merger, and document any erosion of libraries' ability to provide information resources for their constituencies."

Sources: Reed Elsevier and the Association of Research Libraries



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