Houghton: The Dog Ate Our Business

Also included in yesterday's voluntary bankruptcy filing from Houghton Mifflin Harcourt was the disclosure of some basic financial numbers--and problems. For 2011, the company had sales of approximately $1.295 billion and EBITDA of $238 million, which underscores why a debt load of over $3 billion was unsustainable (with interest payments…

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