Inside the Cengage Bankruptcy

July 2, 2013

Bankruptcy filings amount to hundreds of pages. If you’re interested in Cengage Learning’s bankruptcy and want to read the source documents start at the Cengage site on a page called “Information About Our Restructuring.” At the bottom of the page you’ll find a link to “Claims Information & Court Filings,” where many of the meaty documents reside, including a set of “Court Docket” filings. The first reveals that the Chapter 11 voluntary petition fee is $1213. Not bad, given that investors are facing a write-off of some $4 billion of the $7.75 billion spent to acquire Cengage from Thomson in 2007. (Three days later Thomson announced it would buy Reuters for $17.2 billion and it was then obvious that a grand plan had motivated the sale of the Thomson educational publishing division.) (more…)

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More News About the Life of Print

January 26, 2010

“The McGraw-Hill Companies reported a 43.2% increase in fourth quarter EPS,” says today’s press release.(Log-in may be required).

The big gains were in McGraw-Hill Education at 2.6% and in Financial Services at 10.6%.

“Information & Media” declined by 11.4%; you’ll have to dig deeper than I have to figure that one out.

The major message I’m receiving is that a very old media company is weathering the storm with some aplomb.

Good for them.

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