Page "Encyclopædia Britannica" Paragraph 13

In the fifth era ( 1994 – present ), digital versions have been developed and released on optical media and online.

In 1996, the Britannica was bought by Jacqui Safra at well below its estimated value, owing to the company's financial difficulties.

Encyclopædia Britannica, Inc. split in 1999.

One part retained the company name and developed the print version, and the other, Britannica. com Inc., developed digital versions.

Since 2001, the two companies have shared a CEO, Ilan Yeshua, who has continued Powell's strategy of introducing new products with the Britannica name.

In March 2012, Britannica's president, Jorge Cauz, announced that it would not produce any new print editions of the encyclopaedia, with the 2010 15th edition being the last.

The company will focus only on the online edition and other educational tools.