In 2013, Cengage entered into Chapter 11, and by 2014, they’d emerged with US$4 billion less debt, and a significant chunk of new investment. Cengage CEO Michael Hansen [who will lead the combined business] used his bankruptcy as more than a way to jettison debt—he radically changed Cengage’s entire business, says PW’s Andrew Albanese.

Cengage and McGraw Hill To Merge

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Cengage and McGraw Hill To Merge

Cengage and McGraw Hill To Merge