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Weekly News Digest
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May 2, 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 ITI’s Twitter account: @ITINewsBreaks.
CLICK HERE to view more Weekly News Digest items.
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Cengage to Merge With McGraw-Hill
Cengage and McGraw-Hill “entered into a definitive agreement to combine in an all-stock merger on equal terms. The transaction, which has been unanimously approved by the Boards of Directors of both companies, will bring together two premier learning companies that will deliver significant benefits for students, educators, professionals and institutions worldwide,” according to the press release. The merger should be complete by early 2020, pending regulatory approval and customary closing conditions. Visit the companies’ joint website here.“Combining our two companies and our complementary offerings will enable us to continue innovating. In this way we can continue to empower students and educators around the world with a wide choice of affordable, engaging course materials and advanced digital platforms to help them succeed throughout a lifetime of learning,” says Nana Banerjee, McGraw-Hill’s president and CEO. “Together, we will usher in an era in which all students can afford the quality learning materials needed to succeed—regardless of their socioeconomic status or the institution they attend. Additionally, the combined company will have robust financial strength to invest in next-generation products, technology and services that create superior experiences and value for millions of students,” says Michael E. Hansen, Cengage’s CEO. The combined company, expected to be called McGraw-Hill, will be run by Hansen, with Banerjee leading McGraw-Hill through the transition. According to the press release, “The combined company’s leadership team is expected to be comprised of members from both McGraw-Hill and Cengage and will be announced prior to close.” For more information, read the press release.
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Brandi Scardilli
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