McGraw-Hill/Cengage merger spells bad news for textbook prices

May 6, 2019
News

McGraw-Hill and Cengage, two major textbook publishers, announced Wednesday that they would merge, creating the second-largest supplier of textbooks and higher-education materials. Right now, five companies control about 80% of the textbook market and, if the merger is approved by regulators, that number could go down to four.

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