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Cengage Files Chapter 11 Bankruptcy: ‘Normal Business Operations’ Will Continue
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by George H. Pike
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Citing nearly $6 billion of debt, Cengage Learning filed a Chapter 11 bankruptcy petition in federal court last week. The bankruptcy petition is part of an effort to restructure its outstanding debt, with a goal of eliminating as much as $4 billion of debt. The petition includes all of Cengage Learning's wholly owned U.S. subsidiaries, although not its non-U.S. subsidiaries. By filing the Chapter 11 bankruptcy, Cengage will remain in business during the bankruptcy process, with day-to-day operations and personnel largely unchanged, and it expects to continue with product development and innovation.
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CCC Adds OCLC Integration to Get It Now
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The Copyright Clearance Center (CCC) academic solution Get It Now will be integrated with OCLC's interlibrary loan (ILL) fee management service (IFM). Get It Now, which currently has 55 member publishers, will also add five new publishers' collections: M.E. Sharpe, Human Kinetics, Akadémiai Kiadó, Cognizant Communication Corporation, and World Scientific Publishing Company.
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Gale Acquires Newspaper Archives for NewsVault Platform
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Gale, part of Cengage Learning, updated its Gale NewsVault platform with the Daily Mail Historical Archive, 1896-2004 and British Newspapers, Part III: 1780-1950. Gale now has 17 historical newspaper and periodical collections.
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ProQuest Plans Launch of Global Data Sources
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ProQuest's latest initiatives are designed to improve the study of global data by releasing Statistical Abstracts of the World in August and the ProQuest International DataSets in September, which will be launched in partnership with white-label software-as-a-service solution DataMarket and global economic firm Oxford Economics.
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Going Social: Top Apps for Best Recommended Reads
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by Brandi Scardilli
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When it's time to trade office paperwork for some good reads on vacation, there is certainly an app for that. In fact, there are quite a few of them, and the apps listed here are all free, whether you opt to find a title to enjoy on your own or want to join a reading community to share your thoughts about your favorite best-seller with a virtual book club.
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