June 7, 2019 | Volume 50, Number 12

Cengage Q4 Revenue Jumps 15.7%; Year Ends Down 1.4%

Cengage (Boston) generated revenue of $372  million in the fiscal fourth quarter, ended March 31, up 15.7% from the same period last year, and $1.44 billion in the full fiscal ...

Book Clubs, Fairs Are Behind Scholastic’s Lowered Outlook

On May 30, a day before the official end of its fiscal year, Scholastic (New York) revised its financial outlook for the year downward.Scholastic now expects fiscal 2019 revenue to be ...

Career Colleges See Continued Enrollment Growth but Challenging Operating Metrics

The for-profit career college industry continues to struggle with the changing dynamics of the higher education market despite attempts by the Trump administration to ease restrictions ...

Chegg Helps Employees with Student Debt

Chegg (Santa Clara, CA) has launched a program to help its employees pay off student debt and is urging Congress and other companies to follow suit.For Chegg’s Equity for Education ...

Textbook Exports Increase 3.4% in the First Quarter, while Imports Decrease 2.9%

The value of U.S. textbooks exported to foreign markets increased 3.4% to $88 million in the first quarter of 2019, while the value of textbooks brought into the U.S decreased 2.9% to ...

B&N Ed and Akademos Expand Offerings and Penetration

Bookstore operators Barnes & Noble (Basking Ridge, NJ) and Akademos (Norwalk, CT) continue to shore up their positions in the shifting world of distribution in high education.Under ...

People Briefs, June 7, 2019

2U, Inc. (Lanham, MD) in June named Ebony Lee managing director for graduate programs, overseeing the execution and growth of the graduate program business. Lee, who reports 2U chief ...

Partnerships & Acquisitions, June 7, 2019

McGraw-Hill Education (New York) is collaborating with Vantage Learning (New Hope, PA) to develop an artificially intelligent tool to guide students through the entire writing process, ...

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