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Weekly News Digest

February 4, 2020 — 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 ITI’s Twitter account: @ITINewsBreaks.

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Cengage and McGraw-Hill Extend Merger Agreement Amid Delay

Lindsay McKenzie writes for Inside Higher Ed, “Publishers McGraw-Hill Education and Cengage … announced they are extending their merger agreement. The agreement was due to expire Feb. 1 if the two companies had not merged by that date. The agreement has now been extended to May 1.” The U.S. Department of Justice is still deciding whether to approve the merger, and other countries’ authorities have “raised concerns about the deal.”

Additionally, “several [U.S.] consumer advocacy groups have criticized the potential merger, which they say could raise prices for students. College bookstores have also opposed the deal. A spokesperson for both companies refuted these concerns, saying the merger ‘will allow us to offer students even more value and more affordable textbooks and course materials.’” 

For more information, read the article.



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

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