The two major educational publishers announced an all-stock merger a year ago, but ran into regulatory issues and criticism around market dominance and pricing.
Coronavirus and Publishing’s Workforce: Early Shifts to Remote Operations
The books business is beginning its largest test of remote staffing, as publishers shift from urging to ordering employees to stay home amid the outbreak.
Authors Guild Says Cengage Failed to Renegotiate Contracts
The Authors Guild’s new statement sees unsettled business between Cengage Unlimited and authors over the publisher’s new usage-based royalty payments.
Beijing International Book Fair: Phoenix Publishing’s Global Strategy
Reporting US$2.62 billion in 2018 revenue, China’s sprawling Phoenix Publishing & Media already has deals in 30 countries and wants to get only bigger.
Industry Notes: Wattpad Jumps to 80 Million Users, Cengage Sued Again
Wattpad cites a 10-million-person rise in worldwide monthly active users. And Cengage faces another court challenge to its subscription model.
Cengage and McGraw-Hill Merge, Hansen Leads Company
Anticipating a combined pro forma cash revenue of US$3,157 million, the new entity will take McGraw-Hill’s name, the deal expected to close by early 2020.
Cengage Cites First Full Academic Year of ‘Unlimited’ as a Success
Education content subscription model Cengage Unlimited has sold more than one million subscriptions since August 2018, according to preliminary data from Cengage.
Industry Notes: US Beta for ‘Wattpad Next’; Cengage Subscription for Missouri
A ‘fast follow’ is planned for Spanish-language regions for Wattpad Next payments, now beta-testing in the USA. Cengage Unlimited adds another university.
Industry Notes: Penguin Random Opens Education Site, Cengage Unlimited Provided by Two Campuses
A new Penguin Random House site for educators markets curriculum-relevant titles from both the frontlist and backlist. And two programs are providing tens of thousands of Cengage’s new subscription to students.
Education Publishers Push Digital Content as the New School Year Begins
A study commissioned by Ingram finds that students delay or avoid purchasing expensive textbooks. Education publishers respond with digital textbooks.