Posts tagged educational publishing
Sad news for Egmont as US operation closes without buyer
January 23, 2015 | 4:25 pm
Sad to say, Egmont Publishing has had to close its US business after trying but failing to find a buyer. The official Egmont statement said: Egmont Publishing, which at $900 million is the largest division in the Denmark-based Egmont group, employing 2,400 people across 30 countries, has a new strategic focus, which is to invest in books and magazine businesses where Egmont can hold a leading market position. One of the outcomes has been the decision to exit the standalone position in the US market, which they entered in 2008. Attempts to sell Egmont USA since October 2014 have not resulted in...
A publisher unAmazons: The rights and wrongs
January 6, 2014 | 12:15 pm
Publishers Weekly just shared an article entitled "Life After Amazon," by Randall White, chairman, CEO, and president of Educational Development Corp. (EDC), on why he has elected to "to stop selling our Kane Miller and Usborne books on Amazon." His casus belli was that "I had long felt that the rapid growth of Amazon was bad news for the publishing industry. And I believed that Amazon was trying to gain control of publishing and other industries by making it impossible for other retailers to compete effectively." White's stated explanations mix, in my view, some very good and very indefensible points....
McGraw-Hill: We don’t need no education publishers
November 30, 2012 | 12:21 pm
By Andy Richardson, CEO of Influential Software It’s a case of another week, another publishing takeover. This week, McGraw-Hill announced that it was offloading its education publishing business, though this time not to another publisher. The private equity arm of investment firm Apollo Global Management will take control of the textbook publisher, which has undershot its revenue targets in seven of the last eight quarters and has been on the market for a year. Apollo’s decision to invest nearly $2.5 billion in the company is a signal that the money men believe there’s still a lot of profit to be made from educational publishing. What’s less clear, however, is...