Boston institution Houghton Mifflin Harcourt faces an uncertain future as textbook sales dry up and its owner reels under heavy debt, reports the Boston Globe. The two big credit rating services, Moody's Investor Services and Standard & Poor's, recently slashed the rating of O'Callaghan's company, Education Media &...

Reed Elsevier has reaffirmed that it is on track to deliver on its goals this year of "good revenue growth, meaningful margin improvement and strong growth in adjusted earnings per share".

Sir Crispin Davis, chief executive officer, said: “The business is on track for a very successful year and we expect to deliver Reed...

John Wiley & Sons has reported revenue of $402m for the first quarter of fiscal year 2009 ended 31st July, a 3% increase over the same period of fiscal year 2008, or 2% excluding favourable foreign exchange rates. Operating income was $44m, down 5% on the result a year earlier; net pretax income, however, rose by 21% to $36m.

The...

Informa's academic and scientific business saw sales growth of 20% and profit growth of almost 30% in its half year to 30th June. The publishing growth at Taylor & Francis helped parent Informa record revenue growth of 18% on last year, with sales totaling £627.6m. Adjusted operating profit grew from £116m to £140m, an...