McGraw-Hill Education Sold for $2.5 Billion to Investor

McGraw-Hill has signed an agreement to sell its education business, McGraw-Hill Education, to investment firm Apollo Global Management for $2.5 billion. Continue reading at 'Publishing Perspectives'

[ Publishing Perspectives | 2012-11-29 00:00:00 UTC ]
News tagged with: #mcgraw-hill education #education business

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With Another Big Year, HarperCollins Sales Near $2 Billion

Sustained increases in book reading and book buying were the underlying factors in driving up sales by 19% and profits by 42% in HarperCollins's latest fiscal year. Continue reading at Publishers Weekly

[ Publishers Weekly | 2021-08-06 04:00:00 UTC ]
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Federation of European Publishers’ New COVID-19 Impact Report: Europe Closes 2020 Down 2 to 5 Percent

A first look at the new report on Europe's book publishing markets highlights the range of impact felt in the first year of the pandemic. The post Federation of European Publishers’ New COVID-19 Impact Report: Europe Closes 2020 Down 2 to 5 Percent appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2021-03-26 15:57:21 UTC ]
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House Introduces Bill Seeking $5 Billion for Library Facilities

The Build America’s Libraries Act was introduced in the House of Representatives this week by Reps. Andy Levin (D-MI) and Don Young (R-AK) and would provide $5 billion to address decades of needed repairs, updates, as well as the construction of modern library facilities in underserved and... Continue reading at Publishers Weekly

[ Publishers Weekly | 2021-03-05 05:00:00 UTC ]
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Australian Associated Press sold to consortium of investors and philanthropists at 11th hour

AAP chief Bruce Davidson said in an all-staff email on Monday night that the ‘new’ newswire will retain 85 editorial staff and relaunch on 1 August Newswire Australian Associated Press (AAP) has been sold in an 11th-hour bid by a philanthropic investment consortium helmed by former News Corp... Continue reading at The Guardian

[ The Guardian | 2020-06-29 11:53:06 UTC ]
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Boston-based Cengage and McGraw-Hill drop merger plans

Both boards unanimously approved the termination of the merger, announced in May 2019 and originally expected to close in early 2020. Continue reading at Silicon Valley Business Journal

[ Silicon Valley Business Journal | 2020-05-04 15:05:34 UTC ]
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Cengage Announces a Termination of Its McGraw-Hill Merger Agreement

The two major educational publishers announced an all-stock merger a year ago, but ran into regulatory issues and criticism around market dominance and pricing. The post Cengage Announces a Termination of Its McGraw-Hill Merger Agreement appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2020-05-04 13:19:39 UTC ]
More news stories like this | News stories tagged with: #regulatory issues #market dominance #mcgraw-hill

McGraw-Hill and Cengage call off planned merger

Publishers McGraw-Hill and Cengage have mutually agreed to call off their planned merger. Continue reading at The Bookseller

[ The Bookseller | 2020-05-04 10:50:25 UTC ]
More news stories like this | News stories tagged with: #cengage call #planned merger #mutually agreed #mcgraw-hill

McGraw-Hill, Cengage Call Off Merger

The inability to reach an agreement with the government about which divestitures the publishers needed to make to allow the merger to move forward led to the deal being canceled, the companies said. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-05-04 04:00:00 UTC ]
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Online edtech company hires new executive from McGraw-Hill

Penn Foster Education Group, a provider of an online learning platform for adults, has hired a longtime executive from publisher McGraw-Hill to lead a team of around 150 people. Continue reading at Silicon Valley Business Journal

[ Silicon Valley Business Journal | 2019-11-04 12:01:10 UTC ]
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Report: Private equity firm eyes Tech Data for potential $5 billion acquisition

Private equity firm Apollo Global Management LLC is potentially interested in buying Tampa Bay's largest public company, according to a Tuesday report from Reuters. New York-based Apollo has approached Clearwater-based Tech Data Corp. (NASDAQ: TECD) with an offer to acquire the company for... Continue reading at Silicon Valley Business Journal

[ Silicon Valley Business Journal | 2019-10-16 01:08:24 UTC ]
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Facebook’s Nada Stirratt on the evolution of storytelling and how it helped raise $2 billion for charity

Nada Stirratt, VP of North America at Facebook, sits down with Ad Age Associate Publisher Heidi Waldusky to discuss what storytelling means for Facebook users and advertisers. Plus, the need for brands to personalize messaging at scale—and how Facebook Stories can help. A custom video... Continue reading at Advertising Age

[ Advertising Age | 2019-10-02 21:00:00 UTC ]
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Susan Hill's The Small Hand to become Channel 5 drama

Awesome Media & Entertainment and Two Rivers Media, have teamed up to adapt Susan Hill’s The Small Hand: A Ghost Story (Profile), about an antique book dealer, for Channel 5 in the first adaptation of a book by the author for seven years. Continue reading at The Bookseller

[ The Bookseller | 2019-08-21 14:39:05 UTC ]
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US student groups oppose McGraw-Hill/Cengage merger

Over 40 student organisations in the US have urged the US Department of Justice to block the proposed merger of publishers Cengage and McGraw-Hill. Continue reading at The Bookseller

[ The Bookseller | 2019-07-30 03:41:22 UTC ]
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McGraw-Hill and Cengage to merge

Education publishers McGraw-Hill and Cengage are to combine in an all-stock merger on equal terms. Continue reading at The Bookseller

[ The Bookseller | 2019-05-02 00:00:00 UTC ]
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McGraw-Hill, Cengage Agree to Merge

As large educational publishers struggle to keep up with the rapid changes in both the K-12 and higher education markets, McGraw-Hill and Cengage have agreed to merge in deal that will create a $3.2 billion learning company. Continue reading at Publishers Weekly

[ Publishers Weekly | 2019-05-01 00:00:00 UTC ]
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Cengage and McGraw-Hill Merge, Hansen Leads Company

Anticipating a combined pro forma cash revenue of US$3,157 million, the new entity will take McGraw-Hill's name, the deal expected to close by early 2020. The post Cengage and McGraw-Hill Merge, Hansen Leads Company appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2019-05-01 00:00:00 UTC ]
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Facebook says settling FTC investigation could cost up to $5 billion

Facebook Inc. estimated that it will cost as much as $5 billion to resolve a U.S. investigation into its privacy practices, as the social-media giant moves to put the fallout from the Cambridge Analytica scandal behind it. Facebook said Wednesday that it took a $3-billion charge related to... Continue reading at Baltimore Sun

[ Baltimore Sun | 2019-04-24 22:10:00 UTC ]
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Facebook says settling FTC investigation could cost up to $5 billion

[ Baltimore Sun | 2019-04-24 22:10:00 UTC ]
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B&N Education Sales Fall 5% in Q1, Loss Up Slightly

Barnes & Noble Education reported that revenue in the first quarter, ended July 28, fell to $337.5 million, down from $355.7 million a year ago. Continue reading at Publishers Weekly

[ Publishers Weekly | 2018-08-22 00:00:00 UTC ]
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