Wiley will cease using the beleaguered Hindawi brand name, the publisher announced on an earnings call Wednesday morning. Wiley plans to integrate Hindawi’s approximately 200 journals into the rest of its portfolio by the middle of next year.
Problems with Hindawi, the open access publisher that Wiley acquired in 2021, have cost the company $18 million in revenue in its latest financial quarter compared to the same quarter of last year, Wiley also disclosed. Hindawi’s journals have been overrun by paper mills and published “meaningless gobbledegook,” in the words of one sleuth, leading to thousands of retractions, journal closures and a major index delisting several titles.
In the current fiscal year, Wiley expects $35-40 million in lost revenue from Hindawi as it works to turn around journals with issues and retract articles, Matthew Kissner, Wiley’s interim president and CEO, said on the earnings call. The company expects revenue to begin to recover in its next fiscal year, he said.
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