Some 15 percent of the 5.9 million activations of the McGraw Hill Connect education platform in 2020 came from outside the United States.
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.
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.
A study commissioned by Ingram finds that students delay or avoid purchasing expensive textbooks. Education publishers respond with digital textbooks.
Promising as much as 70-percent savings over ‘the costs of traditional bound print textbooks,’ McGraw-Hill Education is teaming with Barnes & Noble Education. MBS Textbook Exchange and Chegg on an ebook and textbook rental program.
In a timely partnership for the school year, international publisher McGraw-Hill and ebook-and-print bundler iFlipd pilot a $15-per-week textbook rental.
In an effort to combat counterfeit print textbooks, distributors partner with publishers on a protocol of inspection and alerts.
A Texas textbook published by McGraw-Hill described US slaves as ‘workers,’ prompting massive protests on social media and promise of a change.
McGraw-Hill has signed an agreement to sell its education business, McGraw-Hill Education, to investment firm Apollo Global Management for $2.5 billion.
Bolivian publisher Martínez-Acchini has partnered McGraw-Hill to sell 300+ digital textbooks exclusively through its network of brick and mortar bookstores.
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