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Struggling Houghton Mifflin Harcourt to Explore Selling Trade Division, As Archer Departs

November 5, 2020
By Michael Cader

After firing another 525 people at the beginning of October, Houghton Mifflin Harcourt reported terrible third quarter earnings and said it will “explore the potential sale of HMH Books & Media” to generate cash. The corporate-speak says a sale will “build on the company’s October 1 restructuring to align its cost structure to its digital-first, connected strategy, and create a pure-play learning technology company.” Centerview Partners will handle the shopping of the trade division, which will be an appealing size acquisition to a number of players, particularly as Simon & Schuster is likely to make one of the biggest publishers […]

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Filed Under: Earnings Reports, Publishers

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