The University of Denver’s Publishing Institute (DPI) summer program is going online for the 2020 session, the institute announced Tuesday, “in order to balance student health with the need to preserve the DPI student experience.” The program itself is “mostly unchanged,” with the same instructors, curriculum, and assignments. Most classes will be taught live, but…
Education
McGraw-Hill Shifts Fiscal Year
On the heels of its cancelled merger with Cengage, McGraw-Hill today issued a limited “preliminary Q4 and full-year report”– or otherwise put, announced that it is delaying full financial reporting for the quarter until mid-June, and changing their fiscal year. The company already reported a fourth quarter, ending December 31, back in early March —…
People, Etc.
Hannah Rahill has been promoted to senior vice president, backlist strategy and development at the Random House Group, reporting to Gina Centrello. She will collaborate with cross-functional teams including RH Digital, RH Analytics, Consumer Insights, and Sales Management, to collect and distill emerging trends and market data and identify opportunities. Dave Snow, vice president, human…
HMH Reduces Salaries, Withdraws Guidance and More
Following yesterday’s news that HMH Books & Media had temporarily closed its Indiana distribution center as the state is on lockdown, parent HMH issued a business update, announcing a series of cutbacks. The “majority of employees” have been reduced to a four-day work week, at pro-rated pay, while directors and top executives have taken a…
McGraw-Hill Cengage Merger Further Delayed As UK Announces Deeper Review
The UK Competition and Markets Authority (CMA) announced March 24 that it would conduct an in-depth review of the planned merger between McGraw-Hill and Cengage. The review, referred to as a Phase 2 investigation, is not expected to conclude before September; meanwhile, competition agencies in the US, Australia, New Zealand, and Mexico are also still…
Pearson Pauses Share Buyback, Citing “Prolonged Uncertainty”
Pearson “has decided it is prudent” to pause the rest of their planned £350 million share buyback, the company announced March 23. That repurchase program, under which they have already spent £167 million, was initiated in January as part of a plan to reinvest some of the expected proceeds from selling their remaining stake in…