Cengage Learning announced today that it has emerged from Chapter 11 bankruptcy, having completed its financial restructuring, eliminating approximately $4 billion in funded debt and securing $1.75 billion in exit financing. LJ caught up with Michael Hansen, Chief Executive Officer of Cengage Learning, to find out what this means and what’s next for the company.
Recorded Books, one of the industry leaders in the audiobook market and a major supplier of the audiobooks, ebooks, and other electronic content to libraries has been purchased by the private investment firm Wasserstein & Co., LP. The company was sold by Haights Cross Communications, which has owned it since 1999. Terms of the sale were not disclosed.
Thursday, May 24, 2012, 2:00-3:00 PM ET Business books are always useful, guiding readers in times of boom and bust. Whether they describe a way in which our culture works (Rob Salkowitz’s Comic-Con and the Business of Pop Culture: What the World’s Wildest Trade Show Can Tell Us About the Future of Entertainment) or show readers how to tap into it (Grant McCracken’s Culturematic), whether they offer a guide to finding success in business (Ken Segall’s Insanely Simple: The Obsession that Drives Apple’s Success) or to wrestling your life back from it (Leslie A. Perlow’s Sleeping with Your Smartphone), these titles will appeal to a broad array of patrons. This webcast gives participants a great opportunity to glimpse some next season’s most compelling business titles for a general readership. Representatives from Harvard Business Review Press, Plata, McGraw Hill, and Portfolio will talk about their forthcoming titles, moderated by LJ‘s business and economics editor, Molly McArdle.
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