August 4, 2017 | Volume 48, Number 16

HMH Education Revenue Rises 1.6% in H1

Education segment revenue at Houghton Mifflin Harcourt (Boston) slid less than 1% to $350.6 million in the second quarter and increased 1.6% to $536 million in the first half of the ...

Q1 Learning Revenue at Cengage Slides 6.2%

Adjusted revenue in the Learning business at Cengage (Boston) declined 6.2% to $185 million in the company’s fiscal 2018 first quarter, ended June 30. Adjusted EBITDA of $26.5 ...

Chegg Revenue Increases; Market Influence May be Rising Faster

Revenue at student services platform provider Chegg (Santa Clara, CA) increased 6.2% to $56.3 million in the second quarter, and was off slightly by 0.6% to $118.9 million in the first ...

Chegg Offers New Stock

Chegg (Santa Clara, CA) on Aug. 3 priced an offering of 10 million new shares of common stock in an underwritten registered public follow-on offering at $13.50. Chegg also is offering ...

Concerns Raised on Impact of New Florida Textbook Law

Florida has a new state law on the textbook/instructional materials review process, but districts and publishers still are uncertain about what the law will mean to the development of ...

B&N Ed Signs on to Anti-Counterfeit Initiative

Barnes & Noble Education (Basking Ridge, NJ) on July 31 signed on to a college publisher initiative to counteract counterfeits of print textbooks.In doing so, B&N Education and ...

Macmillan and Follett Partner on Rentals

Macmillan Learning (New York) in July formed a partnership with Follett Higher Education (Westchester, IL) in which some of Macmillan’s textbooks and digital solutions will be ...

Scholastic Education Revenue Increases 4.3% in Fiscal 2017

Scholastic’s (New York) Education segment revenue increased 4.3% to $312.7 million in the company’s fiscal 2017, ended May 31, following a strong fourth quarter that saw revenue ...

People Briefs 8/4/2017

EvoText (Burlington, MA), which last year released Ogment, a curriculum creation and management solution, in July named Michael F. Johnson president. Johanna Wetmore will continue as ...

Partnerships & Acquisitions 8/4/2017

Nonprofit assessment provider ACT (Iowa City, IA) in August announced a $10.5 million strategic investment in New Markets Venture Partners, an education-focused fund. The investment is ...

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