Building substantially on an initiative that began last August, Chegg.com will transition the handling of all print textbook inventory over to Ingram under a renewable, five-year agreement as the company that started as a textbook rental play moves towards becoming an all-digital “student hub.” (Digital textbook rentals will become Chegg’s biggest business, in which they compete directly with Ingram’s CourseSmart, among many other players.) Chegg is positioning the move as a full reboot of the company, whose stock has languished since it went public in late 2013 — in part because Chegg has lost money since launching in 2007, and those […]
