Thomas Nelson Posts 38% Income Gain for Third Quarter of Fiscal Year 2005

Market Wire, February, 2005

                      Thomas Nelson, Inc. and Subsidiaries
                   Condensed Consolidated Statements of Income
                       (000's omitted, except per share data)
                                    (unaudited)

                                   Three Months Ended   Nine Months Ended
                                       December 31,        December 31,
                                      2004      2003      2004      2003
                                    --------  --------  --------  --------

Net revenues                        $ 63,355  $ 56,045  $174,265  $161,705
Costs and expenses:
   Cost of goods sold                 34,983    32,200    99,054    94,251
   Selling, general and
    administrative                    18,818    16,352    50,644    45,999
   Depreciation and amortization         649       563     1,864     1,683
                                    --------  --------  --------  --------
   Total costs and expenses           54,450    49,115   151,562   141,933
                                    --------  --------  --------  --------
Operating income                       8,905     6,930    22,703    19,772
Other income (expense)                   118      (439)      267      (260)
Interest expense                         148       229       550       716
                                    --------  --------  --------  --------
Income from continuing operations
 before income taxes                   8,875     6,262    22,420    18,796

Provision for income taxes             3,417     2,349     8,632     7,049
Minority interest                          1       (37)        3       (34)
                                    --------  --------  --------  --------
Income from continuing operations      5,457     3,950    13,785    11,781

Discontinued operations:
   Gain (loss) on disposal, net
    of applicable taxes                   11         -       (22)     (156)
                                    --------  --------  --------  --------
Net income                          $  5,468  $  3,950  $ 13,763  $ 11,625
                                    ========  ========  ========  ========
Weighted average number of
 shares outstanding:
   Basic                              14,720    14,403    14,612    14,393
                                    ========  ========  ========  ========
   Diluted                            15,206    15,140    15,087    14,777
                                    ========  ========  ========  ========
Net income per share, Basic:
   Income from continuing
    operations                      $   0.37  $   0.27  $   0.94  $   0.82
   Loss from discontinued
    operations                             -         -         -     (0.01)
                                    --------  --------  --------  --------
   Net income per share             $   0.37  $   0.27  $   0.94  $   0.81
                                    ========  ========  ========  ========
Net income per share, Diluted:
   Income from continuing
    operations                      $   0.36  $   0.26  $   0.91  $   0.80
   Loss from discontinued
    operations                             -         -         -     (0.01)
                                    --------  --------  --------  --------
   Net income per share             $   0.36  $   0.26  $   0.91  $   0.79
                                    ========  ========  ========  ========


                          Thomas Nelson, Inc. and Subsidiaries
                         Condensed Consolidated Balance Sheets
                                   (000's omitted)
                                     (unaudited)

                                                  December 31, December 31,
                                                     2004         2003
                                                   ---------    ---------
ASSETS
Current assets:
  Cash and cash equivalents                        $  21,007    $   6,319
  Accounts receivable, less allowances of
   $9,147 and $9,459, respectively                    57,992       55,552
  Inventories                                         36,850       35,557
  Prepaid expenses                                    16,527       12,828
  Assets held for sale                                     -        1,615
  Deferred tax assets                                  4,923        5,085
                                                   ---------    ---------
Total current assets                                 137,299      116,956

  Property, plant and equipment, net                  13,018       12,188
  Deferred charges                                     1,317        2,080
  Intangible assets                                    1,123          840
  Goodwill                                            29,304       29,304
  Other assets                                         9,197        6,440
                                                   ---------    ---------
Total Assets                                       $ 191,258    $ 167,808
                                                   =========    =========

LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
  Accounts payable                                 $  22,457    $  20,305
  Accrued expenses                                    10,113        9,991
  Deferred revenue                                     6,394        7,171
  Dividends payable                                      737          576
  Income taxes currently payable                       6,989        3,452
  Current portion of long-term debt                    2,308        3,022
                                                   ---------    ---------
Total current liabilities                             48,998       44,517

  Long-term debt, less current portion                     -        2,308
  Long-term taxes payable                             21,890       20,884
  Deferred tax liabilities                             1,021          721
  Other liabilities                                      852          821
  Minority interest                                       12            9
Shareholders' equity                                 118,485       98,549
                                                   ---------    ---------
Total Liabilities and Shareholders' Equity         $ 191,258    $ 167,808
                                                   =========    =========