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Weekly News Digest
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May 5, 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.
CLICK HERE to view more Weekly News Digest items.
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Cengage and McGraw-Hill Will Not Complete Merger
Cengage and McGraw-Hill have mutually agreed to terminate their merger agreement “due to a prolonged regulatory review process and the inability to agree to a divestitures package with the U.S. Department of Justice.” Cengage issued a statement reaffirming “its commitment to student affordability and the company’s ongoing transformation to digital.”“On a standalone basis, Cengage is very well-positioned to continue to support the transition to digital and help students save significant money,” says Michael E. Hansen, Cengage’s CEO. “Looking ahead, faculty and administrators everywhere will be moving their classes online—and we are now singularly focused on ensuring the Cengage Unlimited subscription and our leading digital courseware platforms continue to deliver value for students and faculty.” Neither company will be responsible for making payments to the other due to the cancellation of their agreement. Paul Gazzolo, SVP and general manager of Gale, a Cengage company, issued the following statement: Although we believed the merger could have helped libraries reach more learners, the future for Gale has never been stronger. As distance learning becomes a new reality, Gale remains committed to providing libraries, educators and students with digital resources and educational technology to support their online learning needs. Our customers are our top priority and we will continue to deliver the high-quality content and service they have come to expect. We continue to operate as part of the Cengage portfolio and our customers will not see any disruption in the services we provide to them. For more information, read the press release.
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Brandi Scardilli
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