Britannica sold by Benton Foundation (2024)

    Encyclopaedia Britannica Inc. has announced that 100 percent of the company's stock will be purchased by an investment group led by Jacob Safra for an undisclosed amount.

    Encyclopaedia Britannica Inc. is owned by the William Benton Foundation, a not-for-profit foundation whose sole beneficiary is the University, in accordance with the wishes of the late Sen. William Benton, Britannica's previous owner.

    "Britannica is the crown jewel of accumulated knowledge," Safra said. "Its scholarship over the centuries has been a gift to mankind. Our priority will be to continuously expand content in an evolving world; our goal will be global distribution to all people, all incomes and all ages."

    Howard Krane, Chairman of the Board of Trustees of the University and chairman of the board of directors of the Benton Foundation, said, "We are pleased to have a purchaser with the commitment to build on Britannica's proud heritage as one of civilization's foremost sources of authoritative and comprehensive knowledge."

    From its inception 227 years ago in Edinburgh, Scotland, Britannica has enjoyed a history of intellectual leadership and innovation, distinguished by its many contributors, who have included Madame Curie, Sigmund Freud and Albert Einstein. Its pioneering work continues today on the World Wide Web, as Britannica has become the first and pre-eminent on-line reference publisher on the Internet.

    Encyclopaedia Britannica Inc. publishes the most comprehensive encyclopedic data base in the English language, making its 44 million words available in several forms besides the venerable 32-volume printed set, including Britannica CD and Britannica Online. It also publishes several other reference works, including Great Books of the Western World and Annals of America. In addition, the company owns Merriam-Webster Inc., one of the world's leading publishers of dictionaries and thesauri. The company is headquartered in Chicago.

Britannica sold by Benton Foundation (2024)

FAQs

Who bought Britannica? ›

In 1996 Britannica was sold to financier Jacob E. Safra, under whose leadership the company began a major restructuring.

What happened to the Encyclopedia Britannica Company? ›

In the 21st century, the Britannica suffered first from competition with the digital multimedia encyclopaedia Microsoft Encarta, and later with the online peer-produced encyclopaedia Wikipedia. In March 2012, it announced it would no longer publish printed editions and would focus instead on the online version.

Do they still sell Encyclopedia Britannica? ›

Its fiercest competitor of yore, The Encyclopedia Britannica, ended its print run in 2012 after 244 years in print. In a nod to our present digital age, World Book also offers its encyclopedia as a subscription service through the web.

Who is the owner of Encyclopedia Britannica? ›

Encyclopædia Britannica, Inc.
Founded1768 Edinburgh, Scotland
Headquarters locationChicago, Illinois, U.S.
Key peopleJacqui Safra (President) Jorge Cauz (CEO)
ImprintsMerriam-Webster
Owner(s)Jacqui Safra
4 more rows

Is there any value to old Encyclopedia Britannica? ›

The Internet has rendered vintage encyclopedias obsolete and today the value is primarily from people looking to have a set similar to the one that they grew up with. A complete 1967 white britannica encyclopedia sells for $50 or so at auction and for $120 to $150 from antique book dealers.

Why did the Encyclopedia Britannica fail? ›

Access to PCs and the Internet. Microsoft had a CD-ROM based encyclopedia , you could have a reliable encyclopedic source for a fraction of the money. Later on, Wikipedia and the Internet simply made book-based encyclopedias obsolete.

Is Britannica owned by Merriam-Webster? ›

Merriam-Webster dictionary, any of various lexicographic works published by the G. & C. Merriam Co. —renamed Merriam-Webster, Incorporated, in 1982—which is located in Springfield, Massachusetts, and which since 1964 has been a subsidiary of Encyclopædia Britannica, Inc.

Is it worth buying Encyclopedia Britannica? ›

The Encyclopedia Britannica contains carefully edited articles on all major topics. It fits the ideal purpose of a reference work as a place to get started, or to refer back to as you read and write. The articles in Britannica are written by expert authors who are both identifiable and credible.

What can I do with old Encyclopedia Britannica? ›

Contact a local art gallery or studio and ask if there are any paper artists in your area. Tell them what you have and they may have suggestions. Some artists like to use books and upcycle them into works of art. I've turned old Readers Digests into scrapbooks, used old discolored dictionary pages to draw on.

Does anyone make encyclopedias anymore? ›

Since 1925, a new edition of the encyclopedia has been published annually. Although published online in digital form for a number of years, World Book is currently the only American encyclopedia which also still provides a print edition.

Is the Britannica still in service? ›

Yes, Encyclopaedia Britannica offers corporate and academic subscriptions, along with a wide range of educational products for students and professional learners.

Is Britannica and Wikipedia the same? ›

Wikipedia's Outline of knowledge includes many images (including maps, pictures, etc.), and supports the inclusion of images throughout. Britannica's Outline of Knowledge is currently broader (covering the overall spectrum of subjects more evenly) and it is more refined.

Top Articles
Latest Posts
Article information

Author: Gov. Deandrea McKenzie

Last Updated:

Views: 6167

Rating: 4.6 / 5 (46 voted)

Reviews: 85% of readers found this page helpful

Author information

Name: Gov. Deandrea McKenzie

Birthday: 2001-01-17

Address: Suite 769 2454 Marsha Coves, Debbieton, MS 95002

Phone: +813077629322

Job: Real-Estate Executive

Hobby: Archery, Metal detecting, Kitesurfing, Genealogy, Kitesurfing, Calligraphy, Roller skating

Introduction: My name is Gov. Deandrea McKenzie, I am a spotless, clean, glamorous, sparkling, adventurous, nice, brainy person who loves writing and wants to share my knowledge and understanding with you.