May 8, 2020 | Volume 51, Number 10

Cengage, McGraw-Hill Education Call Off Merger Plans

By mutual agreement, Cengage (Boston) and McGraw-Hill Education (New York) called off their proposed merger May 3, one year and two days after announcing plans to join the companies in ...

Focus Now: Digital

Both McGraw-Hill Education (New York) and Cengage (Boston) are moving ahead with a focus on digital resources. If nothing else, the COVID-19 pandemic demonstrated the need for viable ...

MHE, Cengage Executive Suite Changes

In the same timeframe as the dissolution of their merger plans, McGraw-Hill Education (New York) and Cengage (Boston) announced some executive suite changes.McGraw-Hill on May 4 named ...

Pearson No. American Courseware Revenue Is Down 10%

Pearson (London/Hoboken, NJ) in April said its North American Courseware segment revenue declined 10% in the first quarter due to the ongoing higher education trends the industry has ...

Revenue, Subscribers Continue Growing at Chegg

Chegg (Santa Clara, CA) revenue of $131.6 million increased 35.1% in the first quarter, compared to the same quarter last year. Operating income of $3.3 million increased 419% from an ...

2U Q1 Revenue Increases; Sees More Opportunity

OPM provider 2U (Lanham, MD) generated $175.5 million in revenue in the first quarter, up 43.6% from the same period last year. The operating loss nearly doubled to $53.9 million in ...

BNED Cuts Costs, Hangs On

Barnes & Noble Education (Basking Ridge, NJ) has experienced “an unprecedented and significant impact on its business” from the closing of its campus stores because of the ...

News Briefs, May 8, 2020

Voyager Sopris Learning, a division of Cambium Learning Group (Dallas), in April launched ClearSight, a new online platform delivering interim and benchmark assessments for K-11 ...

Partnerships & Acquisitions, May 8, 2020

Workforce upskilling platform provider Degreed (Pleasanton, CA) in April partnered with video cloud provider Kaltura (New York) to enable quick and simple use of video in talent ...

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