McGraw-Hill/Cengage merger creates major textbook competitor

McGraw-Hill/Cengage merger creates major textbook competitor

The merger of education publishers McGraw-Hill and Cengage, announced yesterday (1st May), will create the sixth largest publisher in the world with a combined 2018 revenue of $3.22bn: $1.597bn for McGraw-Hill, $1.624bn for Cengage.

The new combined company - to be named McGraw Hill - will still be some way off the heft of textbook rival Pearson, which has revenue of $5.36bn (£4.13bn), but it will be a very significant competitor both in the US and UK markets. Pearson currently stands at number two in the top 10 chart, behind RELX (Elsevier and Lexis-Nexis) at $5.6bn (£4.156bn).

However U...

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