Readex

    Overview
    Readex is a subsidiary of NewsBank Inc., a privately held company based in Naples, Florida (USA). Established in 1950 as the Readex Microprint Corporation and acquired by NewsBank, Inc. in 1984, Readex is a major aggregator of newspaper and other content in digital, microform and print formats. Through partnerships with publishers, governments and other entities mostly in the English-speaking world, Readex has aggregated tens of millions of news articles and government publications from thousands of sources dating from the seventeenth century to the present day. 
     
    Its major focus is the production of news collections in  searchable online databases, through web-enabled proprietary interfaces. Its text processing, indexing and metadata operations allow it to sell a wide variety of packaged and topical information tailored to specific markets. Its library databases are customized outside the United States for the U.K and Ireland, Australia, and Asia, and it has created databases of Spanish-language publications.
     
    Readex has microform operations in Chester, VT, under its Readex unit (established in 1950), offering filming services to newspapers as well as retrospective microfilming of rare and historical American newspaper collections for its Archive of Americana and America’s Newspapers aggregations. Readex also works with the Center for Research Libraries to produce the World Newspaper Archive database, consiting of modules of digitized newspapers from Latin America, Sub-Saharan Africa, South Asia and other world regions.   
     
    Type of Organization
    Provider Role(s)
    Mission Statement

    Per quote by Readex president David Braden on Readex website, 2014: "to be leaders in facilitating academic research by expanding access to cohesive and comprehensive collections of primary source materials." 

    History

    Readex was established in 1950 as the Readex Microprint Corporation, from an operation originally formed in the early 1940s by Albert Boni in New York, NY and Chester, VT. In 1984 Readex became a division of NewsBank, Inc. 

    Financial Information

    Readex's 2003 annual sales were between $50 - 100 million. Revenue is primarily from database subscriptions. Other sources are archiving solutions and web hosting. Profits and losses of parent company NewsBank, Inc. and units are not disclosed, nor are operating results. Reference USA in 2003 reported Readex's credit rating as "excellent."  Its market is public libraries and academic libraries, its penetration extending pirmarily to the United Sates and Canada,  

    Governance: Board / Owners / Parent organization

    Ownership:  

    Dan Jones, owner and president

    Parent organization:

    Readex is a division of NewsBank, Inc.

    Sources

    Readex sources historical newspapers and other published materials from the American Antiquarian Society, Library Company of Philadelphia, Balch Institute, Center for Research Libraries, New York Public Library, and other independent research libraries. 

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