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Weekly News Digest

August 15, 2019 — In addition to this week's NewsBreaks article and the monthly NewsLink Spotlight, Information Today, Inc. (ITI) offers Weekly News Digests that feature recent product news and company announcements. Watch for additional coverage to appear in the next print issue of Information Today. For other up-to-the-minute news, check out ITIís Twitter account: @ITINewsBreaks.

CLICK HERE to view more Weekly News Digest items.

Cengage Responds to Authors' Breach-of-Contract Lawsuit

Cengage issued a statement in response to the class action lawsuit brought against the company claiming breach of contract. It says, in part, “We are disappointed to see this complaint against our efforts to improve students’ access to affordable, quality learning materials. … Our authors, like those at our competitors, saw declining royalties as a result of high prices that lowered students’ demand. The Cengage Unlimited subscription service was created to address this longstanding problem. It also enables a more sustainable business model for the company and our authors.”

For more information, read the statement.



Send correspondence concerning the Weekly News Digest to NewsBreaks Editor Brandi Scardilli

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Comments Add A Comment
Posted By A Competing Rep8/15/2019 6:04:42 PM

Instead of using student access to affordable resources as a justification (by the way, where was that over the past 6 years that I've been a competing rep watching your prices routinely top $200-$300 per text...), maybe you should own up to the fact that perhaps the author contracts were bad business deals. Cengage willingly increased the prices of their texts to hit short-term financial goals (as did others in the market who are publicly-traded or VC-backed). Once the market calls you on the price of your texts and you opt to go to more affordable models of delivery and your contractual agreements with authors become less and less sustainable, you should have either transparently renegotiated or honored the original terms. Don't use students a pawn to cover for your bad business deals. This is a company that's already go into bankruptcy once before...we'll see if history repeats itself with the McCengage merger.

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