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.
Education content subscription model Cengage Unlimited has sold more than one million subscriptions since August 2018, according to preliminary data from Cengage.
The first-announced institutional contract for the Cengage Unlimited subscription model for its digitally delivered college curriculum course materials has been signed for the 2018-2019 school year by New Mexico’s University of the Southwest.
How are authors’ contractual rights with a publisher best handled when the house rolls out a digital subscription offer and promises that its entire content library will be on offer that way? An authors’ lawsuit of Cengage is calling the question.
Cengage Unlimited textbook subscription service launches later this year, giving students full access to all of Cengage digital content for the cost of $119 per semester
More platform-based, less book-based’ is where Cengage Learning finds its future. And this CEO in educational publishing speaks on April 28 to Berlin’s Publishers’ Forum with real insight into his trade colleagues’ challenges: ‘A novel is a novel is a novel.’