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Gc In E Ms Top Ten For 2009

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Gc In E Ms Top Ten For 2009

  1. 1. Volume 40, Number 1 | Jan. 5, 2009 EM’s Top PreK-12 Stories of 2008 As the PreK-12 educational publishing industry launches into a new year, EM reviews the top stories of 2008 that are likely to resonate in 2009: #1. Transformation of Houghton Mifflin Harcourt Under Way: Houghton Miffl in Harcourt (Boston) combined operations of most of its previously siloed school business into a single K-12 division comprising School Publishers, Holt McDougal, HMH Supplemental Publishers, Heinemann, International and Learning Technologies. Th e transformation and the need to pay down debt resulted in the sale in May of the Houghton Miffl in College division to Cengage Learning and spawned the prospect of the sale of the Houghton Miffl in Harcourt Trade division. (Dec. 8, Nov. 24) #2. New Leadership at McGraw-Hill, Pearson: New leadership took over at McGraw-Hill Education (New York) and Pearson (London and New York) amid restructuring and reorganization at both publishers. McGraw-Hill named Peter Davis, who since 2006 has been executive vice president of global strategy for McGraw-Hill Cos., president of McGraw-Hill Education, succeeding Henry Hirschberg, who retired. At Pearson, Peter Cohen, previously CEO of Educate (Baltimore), was tapped to be CEO of Pearson’s U.S. School Curriculum
  2. 2. Group, succeeding Martha Smith. At the helm of the realigned U.S. education businesses as a K-16 group is Will Ethridge, formerly president and CEO of Pearson Higher Education, International and Professional. Steve Dowling, who was president and CEO of Pearson School Cos., was named senior vice president corporate development and president of Pearson Inc. (New York), the legal entity of Pearson in the U.S. (Sept. 1, March 31) #3. Pearson Acquires Chinese English-Language Schools: Pearson’s (London and New York) rising international focus expanded with the acquisition of the LEC chain of 15 schools in China that provide private English-language instruction to students age 5-12. (May 12) #4. Green Comma Launches: Arising from a period of consolidation and restructuring, Green Comma (Somerville, Mass.) was launched by educational publishing veterans Tom Barber and Amit Shah as a strategy company focused on developing social studies basal and supplemental print and digital products. (Nov. 10) #5. McGraw-Hill Solutions Debuts Math Connects: Th e McGraw-Hill Education School Solutions Group (New York) launched Math Connects, the group’s fi rst vertically aligned program for grades PreK-8 developed through both Macmillan/McGraw-Hill and Glencoe/ McGraw-Hill. (March 3) #6. CA Begins Reading Adoption Amid Cautious Math Buying: Th e California state Board of Education adopted 33 of 35 reading and language arts textbooks submitted under 15 imprints from six publishers in fi ve categories, creating a competitive list for schools to begin purchasing
  3. 3. in spring 2009. Th e state approval came as districts demonstrated cautious purchasing of math textbooks in 2008; among 20 of the largest districts that EM tracked, 10 districts reported they were piloting programs this year or postponing purchasing in one or all of the segments. (Nov. 24) #7. Haights Cross Restructures: Streamlining operations and cutting costs, Haights Cross (White Plains, N.Y.) cut 74 positions at Triumph Learning, its test prep and intervention business, or about 20% of the workforce. With the sales of Oakstone Publishing and Sundance/Newbridge behind it, Haights Cross still has Triumph Learning and Recorded Books on the market. (Dec. 8) #8. Princeton Review to Sell K-12 Services: Princeton Review expected to close the sale of its K-12 Services business in December, divesting an operation that is not directly aligned with the company’s core college and graduate school admissions test preparation business or growing supplemental education services opportunity. (Dec. 8) #9. Questar Assessment Delists Common Stock: Questar Assessment (Brewster, N.Y.) terminated the registration of its common stock, which had been trading at about $2 per share on the OTC Bulletin Board. Th e PreK- 12 assessment fi rm sought to invest in growth rather

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