News: academic

ACE gives libraries £151k for e-books and audio

Arts Council England (ACE) has announced a £151,000 investment into library services to buy e-books and digital audio products. Read more

CUP reveals carbon neutrality targets

Cambridge University Press has said it is on track to be 100% carbon neutral in the UK by 2022, both as regards to its own... Read more

Informa expects £1bn from oversubscribed share offer

Taylor & Francis owner Informa says it expects to raise £1bn through its emergency share offer, adding that its placement yesterday (16th April) was oversubscribed... Read more

Taylor & Francis owner Informa issues shares as coronavirus hits business

Taylor & Francis owner Informa has launched an issue of shares worth 19.9% of its existing capital as the coronavirus pandemic hits its events business.... Read more

Elsevier makes small reduction to high gender pay gap

Elsevier, which for the past two years has reported significant median gender pay gaps of 40% and 39.4%, has reduced that number slightly to 37% in its latest... Read more

Springer Nature makes 500 textbooks available for free to support higher education

Springer Nature is making a range of "key" textbooks freely accessible for educators, students and academics affected by coronavirus lockdown to help support higher education institutions around the... Read more

Bertelsmann formally completes full acquisition of Penguin Random House

Bertelsmann has formally completed the full acquisition of Penguin Random House, following the sale of Pearson's remaining 25% stake for $675m (£530m). ... Read more

Informa bosses to take major salary cuts during coronavirus period

At Informa, parent company of Taylor & Francis, top bosses are to take salary cuts "through the current period of uncertainty created by Covid-19", the... Read more

Cengage/McGraw-Hill merger delayed again, following UK competition decision

The UK Competition & Markets Authority (CMA) has announced that it will move on to a Phase Two investigation of the proposed merger between Cengage... Read more

Pearson warns Covid-19 will hit profits and pauses share buyback

Pearson has warned its profits will be hit, and paused its share buyback, after the Covid-19 pandemic closed testing centres and saw US state assessments... Read more

UK competition authority raises concerns over Cengage/McGraw-Hill merger

After an initial phase of investigation, the UK’s Competition & Markets Authority has decided that the loss of competition brought about by the proposed merger... Read more

Taylor & Francis reports 5% revenue boost

Taylor & Francis has reported a 5% increase in revenue to £559.6m for 2019 (2018: £533.2m), with underlying revenue growth of 2.4%. Read more

University Press Redux conference cancelled over coronavirus concerns

The 2020 University Press Redux conference, organised by Cambridge University Press and ALPSP, and due to take place 17th-18th March, has been cancelled “in light of... Read more

Springer Nature commits to become carbon neutral this year

Publisher Springer Nature has committed to becoming carbon neutral for its business operations and employee flights by the end of 2020. Read more

‘Step-change’ agreement between Wiley, Jisc and UK institutions

Wiley has struck a four-year ‘read and publish’ deal with UK research body Jisc which converts some of the subscription expenditure into a fund to... Read more