Login

Or
Register Now


Already have an account?
Username:

Password:

Remember me

Lost Your Password?
Main Menu
Collector's Guide Table of Contents
Recent Visitors

laurel
1 hour 47 minutes ago

Stu
1 hour 52 minutes ago

Trotter
2 hours 25 minutes ago

Karl
4 hours 55 minutes ago

Findegil
11 hours 49 minutes ago

Khamûl
14 hours 29 minutes ago

Urulöké
15 hours 23 minutes ago

remy
17 hours 24 minutes ago
Report message: *
 
* = Required

Houghton Mifflin Harcourt Enters Bankruptcy Process

Subject: Houghton Mifflin Harcourt Enters Bankruptcy Process
by SonOfDolf on 2012/5/11 14:54:47

"Houghton Mifflin Harcourt, the educational and trade publisher in Boston, has agreed with most of its creditors to eliminate $3.1 billion of debt and enter a prearranged Chapter 11 bankruptcy process, the company said on Friday.

The publisher has struggled financially for years, laden with debt that was taken on when Education Media and Publishing Group, an Irish private-equity concern, borrowed heavily to finance the acquisitions of Houghton Mifflin in 2006 and Harcourt in 2007.

The company’s trade division has published authors like Jonathan Safran Foer, Philip Roth and J.R.R. Tolkien."

http://mediadecoder.blogs.nytimes.com ... nters-bankruptcy-process/