book2book

  booktrade.info

Search Booktrade.info:  


Thursday 5th May

Book2book Home Book Trade News Trade Announcements Bestseller Lists About Booktrade.info

Cengage Reaches Restructuring Deal

Posted at 3:29PM Monday 03 Feb 2014

Cengage Learning, Inc. announced Monday morning that it has reached an agreement with its major financial stakeholders and creditors that will allow it to emerge from Chapter 11 within several months. The agreement, which still needs court approval, will eliminate more than $4 billion of Cengage's approximately $5.8 billion of outstanding debt. Cengage, the publisher of educational content and software for the academic, professional and library markets worldwide, filed for bankruptcy last July.

PW




Get book trade news by email

Daily book trade headlines and breaking publishing news by email - just £3 a month. Click on the Subscribe button below to sign up now

Find out more


Search the news archive:
 






More Book Trade News

2016 Commonwealth Short Story Prize: Regional Winners
www.commonwealthwriters.org

Judges select five regional winners

Dawn French Novel Among Richard And Judy Recommendations
www.belfasttelegraph.co.uk

To celebrate the summer 2016 list, WHSmith has revealed a new, fresh look to the Book Club, both in store and on its website

Russian Writers' Union Warns Of Books' Destruction
publishingperspectives.com

Government Downplays Concerns

Amazon Prepares To Deliver Fresh Food Across Uk
www.telegraph.co.uk

Launching within the month

Best Translated Book Awards: Mexico's Yuri Herrera And Brazil's Angélica Freitas
publishingperspectives.com

Funded by the Amazon Literary Partnership

S&S Sees Earnings Gain, But Flat Sales, in Q1
www.publishersweekly.com

Claims e-Books account for 28% of revenue

Account Sign-In

Most Popular Stories

  1. Library Use Falling Sharply, Study Shows
  2. Why We Find It So Infuriating When Novelists Are Judged Based On Attractiveness
  3. Stephanie Flanders to chair £30,000 non-fiction writing prize
  4. US-Based Copyright Clearance Center Buys The UK's Ixxus
  5. HarperCollins to move to the BookShout platform for web and app sales
  6. The Looming Threat To The Australian Book Industry
  7. Would Tom Hiddleston Take On New Night Manager And Bond Roles?
  8. Why Publishers Are Betting Big On Debut Novelists
  9. Shelfie Rolls Out First U.S. Bookstore Partnership
  10. Debut British Novel Strange Heart Beating Acquired At Auction By Granta