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 […]
