Amid a boom of options in formats and distribution of course-material options, a third of students’ spending on publishers’ content has evaporated.
Cengage Announces a Termination of Its McGraw-Hill Merger Agreement
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.
AAP: US Student Spending on College Materials Down 23 Percent in Fall Semester
Charting a five-year downturn in US college students’ spending on course materials, the Association of American Publishers cites a drop in the 2019 fall term.
The Jordanian Publishers Union’s Fathi Al Biss: A Need for ‘Better Interaction’
Limited discretionary spending, censorship, piracy, and weak public policy challange the Arab world’s book industry, says Jordanian publisher Fathi Al Biss.
Industry Notes: AAP Flags Declining US Student Spending on Textbooks
Two studies from campus research programs indicate that ‘students are taking full advantage of the new, cost-effective options’ from publishers.
Spain’s ANELE Publishers Warn of a Chaotic, Splintering Educational Market
Spain’s educational publishers raise the alarm in a new report on competing regulations, politics, and economic support in the country’s 17 regions.
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.
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.
A Member of Slovakia’s Parliament Calls for a Competitive Textbook Market
Finding itself among a handful of European Union nations still with a state-controlled textbook market, Slovakia, says parliament member Branislav Gröhling, must change.