The Australian Competition & Consumer Commission (ACCC) released a 17-page statement of issues regarding the planned merger of Cengage and McGraw-Hill, the result of a review begun in September. The report outlines two primary “preliminary concerns”: First, that the merger will result in “higher prices, reduced quality or a more limited product range for students…
Finance
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Todd Noden has been promoted to president at Books-a-Million. He was chief operating officer and chief financial officer, and now he adds leadership of the company’s store operations group to his other responsibilities. James Meader left his position as vp, associate publisher at Picador last week and will join Vintage Anchor on December 16 as…
People, Etc.
Daniel Loedel will join Bloomsbury as senior editor, starting on January 6. He was at Scribner. Catherine Tung is now an associate editor at Beacon Press. She was an assistant editor at Vintage. Mary Gaule has been promoted to associate editor for Harper and Harper Perennial. Megha Majumdar was promoted to editor at Catapult. Associate…
People, Etc.
Cecelia Cancellaro, founder of Word Creative Literary Services, will join Cambridge University Press in early December as senior editor in US and Latin American history, based in New York. Awards In the UK, the Costa Book Awards announced its shortlists in five categories. Sara Collins’ The Confessions of Frannie Langton, a finalist for the first novel prize, is…
Yet Again, Springer Nature Said to Hope for An IPO
The various private equity companies that have traded educational publisher Springer for more than a decade now have hoped for an offering of shares to the public since at least 2012 if not earlier, both to help pay down a persistent debt load and to provide a pathway to an exit. The current incarnation of…
Not a Good Quarter for Cengage
Educational publisher Cengage — hoping to merge soon with McGraw-Hill if the DOJ approves the plan — continues to struggle while waiting, with revenue falling $63.9 million, down to $410.4 million, in the fiscal second quarter, ending September 30. Net income was $11.5 million, down from $34.4 million. After adjusting for currency exchange, income was…