August 2, 2019 | Volume 50, Number 16

Fallon Expounds on New Pearson Hi Ed Strategy

Pearson (London/New York) chief executive John Fallon in July laid out the company’s anticipated trajectory for its higher education business in the U.S. over the next several years, ...

Data Breach at Pearson

Pearson Clinical Assessments, a business of Pearson (London/New York), at the end of July notified affected customers of unauthorized access to approximately 13,000 school and ...

Scholastic Hits Operating Snag in Fiscal 2019

Scholastic (New York) took a hit in operating performance in its fiscal fourth quarter and year, ended May 31, from the impact of new revenue standards and rules and will focus on cost ...

Groups Offer OER as Alternative to Higher Ed Publishing Consolidation

The potential merger of McGraw-Hill Education (New York) and Cengage (Boston) is drawing opposition from public interest groups—the Education Fund of U.S. PIRG and the Scholarly ...

Another Stellar Quarter for Chegg

Chegg (Santa Clara, CA) completed the first half of the year on a high note with positive operating income and the confidence to raise guidance for the 14th consecutive quarter. CEO ...

Rosensweig on Publishing Industry Changes

Given the pending merger of McGraw-Hill Education (New York) and Cengage (Boston) and the newly announced digital first publishing plan of Pearson (London/New York), Chegg (Santa ...

2U Adjusts Business Model Amid Changing Demand

2U (Lanham, MD), an online education provider, bested revenue estimates for the second quarter (up 39%), said it was changing its business model, watched its stock price plummet and is ...

Financial Briefs, August 2, 2019

Brainly (Poland), a peer-to-peer learning community for students, parents and teachers founded in 2009, in July announced a new funding round of $30 million led by Naspers, with ...

Partnerships & Acquisitions, August 2, 2019

The Apax Digital Fund, a growth equity fund advised by global private equity advisory firm Apax Partners, is to acquire MetaMetrics (Durham, NC), developer of the Lexile Framework for ...

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