September 11, 2020 | Volume 51, Number 18

Digital Share of Cengage’s Learning Revenue Grows

Adjusted revenue of Cengage’s (Boston) Learning segment decreased 7.7% to $164 million in the company’s fiscal first quarter, ended June 30, largely due to the impact of the ...

Ivy Tech Students Get Cengage Unlimited

Cengage (Boston) in August partnered with Ivy Tech Community College (Indianapolis), the largest singly-accredited statewide community college system in the country, to provide all ...

McGraw Hill Higher Ed Revenue Grows 8.3%

Alone among the McGraw Hill (New York) segments, Higher Education reported revenue growth in the company’s fiscal first quarter ended June 30. Higher Education revenue of $129 ...

Wiley Research, Ed Services Drive Revenue Growth

John Wiley & Sons (Hoboken, NJ ) generated $431.3 million in revenue in the company’s fiscal first quarter ended July 31, up 1.8%. Growth was driven by 5% revenue growth to ...

Pearson Taps Bird as CEO

Media veteran Andy Bird is scheduled to become CEO at Pearson on Oct. 19, following the expected approval by Pearson shareholders of the extensive compensation package the company has ...

BNED Sees Gains in DSS and Wholesale Businesses

Barnes & Noble Education’s (Basking Ridge, NJ) fiscal first quarter, ended August 1, typically is a low revenue point with just summer-school business. This year, the COVID-19 ...

BNED Moves Forward As Is

After an eight-month review of its strategic options, Barnes & Noble Education (Basking Ridge, NJ) decided in August to continue going forward with its current business plan.“The ...

Texas Incentivizes OER Use

The Texas Higher Education Coordinating Board in September launched a digital library named Open Educational Resources to provide students with free educational materials in Texas ...

Financial Briefs, Sept. 11, 2020

Chegg (Santa Clara, CA) in August closed its offering of convertible senior notes due 2026 for gross proceeds of $1 billion. The total includes the exercise of the $100 million option ...

Partnerships & Acquisitions, Sept. 11, 2020

SPi Global (Philippines), the content technology enterprise provider owned by investment firm Partners Group, in August acquired a majority stake in global business to business ed-tech ...

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