August 18, 2017 | Volume 48, Number 17

School Specialty Splits Stock; Reorganizes Segments

School distributor School Specialty (Greenville, WI) in August is splitting its stock in a 7:1 forward split in an effort to improve the liquidity of its stock.The number of authorized ...

B&N Education Buys Student Brands in $58.5M Transaction

Barnes & Noble Education (Basking Ridge, NJ) in August acquired Student Brands (Los Angeles), a direct-to-student subscription-based writing skills services business, in a $58.5 ...

Textbook Exports Drop 6.2% in H1 2017; Imports Grow 13.6%

The value of textbooks exported to foreign markets ($194.6 million) outweighed the value of imported textbooks ($115.2 million) in the first half of 2017, even though the value of ...

Pearson Eyes No. America Higher Ed for New Round of Cuts

Revenue of £1,285 at Pearson’s (London/New York) North America segment increased 10% in the first half of 2017 (flat in underlying terms), compared to the same period in 2016, with ...

Pearson Partners with Duolingo

Pearson (London/New York) has partnered with language-learning platform provider Duolingo (Pittsburgh) to provide college and university students with a personalized language learning ...

H1 Ends as Expected at McGraw-Hill Education

McGraw-Hill Education (New York) had companywide billings of $475 million in the second quarter, down 1.3%, and billings of $704 million in the first half of the year, down 2.1% from ...

Partnerships & Acquisitions 8/18/2017

K-8 science curriculum provider Activate Learning (Greenwich, CT) in August acquired IT’S ABOUT TIME, a STEM curricula provider for K-12 and higher education, expanding the AL ...

In the States 8/18/2017

The North Carolina state Legislature will form a legislative study committee to examine the feasibility of breaking up large school districts in the state, particularly those that were ...

People 8/18/2017

VitalSource Technologies (Raleigh, NC) in August named Eric Kuennen vice president of professional learning. Kuennen joins VitalSource from Pearson (London/New York), where he most ...

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