HMH for Sale
Houghton Mifflin Harcourt (HMH) announced it will explore selling its publishing company, HMH Books & Media.
The potential sale would reduce debt and build on the Company’s October 1 restructuring to align its cost structure to its digital-first, connected strategy, and create a pure-play learning technology company. The Company has engaged Centerview Partners to explore the potential sale of HMH Books & Media.
Jack Lynch, president and CEO of HMH, said,
At HMH we are very proud of our trade publishing heritage, and our Books & Media colleagues who have continued to innovate and evolve as the consumer publishing market has changed over time. Because of this heritage, we know the power a story has to inspire generations to make lives of meaning. We have grown and invested in this business over many years, and it has continually demonstrated strength and resilience – particularly this year through the challenges of the pandemic.
HMH announced it is discontinuing science fiction and fantasy imprint John Joseph Adams Books in October 2020. For more information about the potential sale, see the press release.
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