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Using the comparable public company method, respondent’s
expert identified 11 publicly traded companies and treated them
as comparable to TPC on the basis of only two broad criteria as
follows:
(1) Classification under the same general U.S. Department
of Labor Standard Industrial Codes as TPC (namely, Code
#2731 –– Books: Publishing, or Publishing and
Printing, and Code #2741 –- Miscellaneous Publishing);
and
(2) Reported positive cashflows for 1995-97.
Set forth below in schedule format is a listing of TPC and
the 11 companies selected by respondent’s expert as comparable to
TPC, a brief description of the primary type of content material
which each company, as of July 31, 2000, published, and the
amount of each company’s 1997 reported revenue:
Company Publication Material 1997 Revenue
TPC Industrial buying directories $ 240,110,000
American EducationalEducational textbooks, journals, and8,392,000
Products games
Harcourt General, Inc. Scholarly books and journals,3,691,639,000
educational material, popular books.
Owns the Neiman Marcus Group, Inc.
Houghton Mifflin Co.Textbooks and educational reference797,320,000
materials
Intervisual Books, Inc. Popup and dimensional novelty books 18,733,000
McGraw-Hill Co. Educational books and magazines.3,534,095,000
Owns Standard & Poor’s and four
television stations
Millbrook Press, Inc.Children’s nonfiction books 12,573,000
Nelson (Thomas), Inc.Religious and family value books243,436,000
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