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Textbook Author Sues Pearson

by on June 19, 2017 in Education, Legal

Last week professor of engineering at the University of Louisiana – Lafayette and author of multiple engineering textbooks Russell Hibbeler filed suit in a Tennessee Federal Court against Pearson, alleging significant underpaid and/or unpaid royalties and charging the publisher with creating derivative works with permission and payment. (Hibbeler lives in…

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Barnes & Noble Education Gives Up On Yuzu

by on March 8, 2016 in Booksellers, Earnings Reports, Education

We've been skeptical of Barnes & Noble Education's digital platform Yuzu since they started it in 2014, ever since we learned that a yuzu "is a hybrid citrus fruit with curiously high ratio of seeds to juice." In reporting fiscal third quarter results on Tuesday morning, the company finally announced…

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Open eBooks Initiative Goes Live, with National Geographic Joining In

by on February 24, 2016 in Education, eNews

The Open eBooks project -- a private effort inspired by President Obama as part of his larger ConnectEd initiative -- has gone live, announced by the White House, with encouragement from Michelle Obama. As previously announced, the program makes available a large collection of ebooks for free to low-income students in…

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Macmillan Learning Acquires Roberts & Company

by on January 11, 2016 in Education, Finance

The US-based educational publisher Macmillan Learning announced Monday it has acquired Roberts and Company, publisher of higher education textbooks, interactive media, and original monographs in biology, chemistry, engineering and related disciplines. Macmillan Learning ceo Ken Michaels says in the announcement, "This acquisition is core to our ability to provide educators and students robust…

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BN Education Announces Stock Buyback

by on December 14, 2015 in Bookstores, Education, Finance

Now that no one else seems to want its stock since reducing forecasts for the year when reporting quarterly earnings a week ago, Barnes & Noble Education announced that the board has authorized stock repurchases of up to $50 million worth of shares. That has given the company's shares a…

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Bertlesmann Confirms $230 Million Investment in HotChalk

by on November 6, 2015 in Education, Finance

As anticipated since September, Bertelsmann is spending $230 million to buy a minority stake in HotChalk, a technology company that powers online degree programs. Along with last month's RediLearning deal, their stake in Alliant University and the big deal about a year ago for Relias Learning, Bertelsmann has spent in the…

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Corporate: Bertelsmann Buys RediLearning; Harper Buys The Midlist; and More

by on October 28, 2015 in Education, eNews, Finance

Bertelsmann subsidiary Relias Learning has acquired Florida-based e-learning company RediLearning. Terms of the deal, the first under the Bertelsmann Education Group umbrella, were not disclosed -- though a Reuters source puts it at a "medium double-digit million US dollar sum." The nine-year-old RediLearning provides online training in the field of…

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Macmillan to Combine Educational Units

by on October 23, 2015 in Education

Further reorganizing what remains of their fully-owned educational companies after the big merger of Macmillan Science and Education with Springer earlier this year, Macmillan is taking the logical step of bringing together Macmillan Higher Education and Macmillan New Ventures into a single unit as of January 1. The combined entity will be called Macmillan…

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Bertelsmann Formalizes Education Division

by on September 10, 2015 in Education, Finance

Not surprisingly, following the big $540 million acquisition of Relias Learning last year and a number of substantial investments in the field, Bertelsmann has set up the Bertelsmann Education Group as its own business unit. Kay Krafft, who has managed Bertelsmann's education enterprises since 2014, is ceo of the new group, and Jarek…

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Corporate: McGraw-Hill Education Files for IPO; Meredith Sold to Media General

by on September 8, 2015 in Education, Finance

As indicated recently by Reuters, McGraw-Hill Education did indeed file preliminary paperwork with the SEC last week to launch an IPO, probably before the end of the year. For filing purposes they use a placeholder value of $100 million, though the actual offering is expected to look to raise up…

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