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« 1 ... 245 246 247 (248) 249 250 251 ... 302 »


Re: Houghton-Mifflin Harcourt
Shirrif
Joined:
2006/6/5 22:04
From Essex, England
Group:
Shirefolk
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Shirrif
Posts: 1660
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It does not look like things have got a lot better in the last year.


CORRECTED - (OFFICIAL)-Houghton Mifflin owner in debt talks

By Jonathan Stempel


NEW YORK, Jan 14 (Reuters) - The parent of textbook publisher Houghton Mifflin Harcourt Publishing Co is in advanced talks to slash its estimated $7 billion debt load by 60 percent, its second debt restructuring in less than a year.

The talks by Education Media and Publishing Group Ltd come as textbook publishers face potential sales declines because state and local governments are limiting spending to cope with budget deficits linked to the weak economy.

Boston-based Houghton Mifflin specializes in textbooks for children from kindergarten to 12th grade. It also publishes Curious George books and the works of J.R.R. Tolkien, including "The Lord of the Rings." The company dates back to 1832.

Houghton Mifflin spokesman Josef Blumenfeld said the restructuring contemplates that equity investors in closely-held Education Media would see their interests "impaired," while retaining their interests in a separate entity, Education Media and Publishing Group International.

He said the restructuring should take place "in the coming weeks."

Speaking to a radio station in Dublin, Ireland, where Education Media has offices, Chairman Barry O'Callaghan on Thursday said equity investors have already seen their holdings tumble in value, and that his own paper losses are in the "hundreds of millions."

He nevertheless said the company would survive.

O'Callaghan is also Houghton Mifflin's chief executive, and a former Credit Suisse Group AG (CSGN.VX) and Morgan Stanley (MS.N) banker. Blumenfeld confirmed O'Callaghan's comments. O'Callaghan was not immediately available for an interview.

On Wednesday, Education Media had said it was in "advanced discussions regarding a comprehensive, consensual balance sheet restructuring."

It said a "substantial majority" of its most important lenders had agreed to a framework for the plan, which may increase working capital by more than $600 million.

Education Media underwent a debt restructuring in August.

In 2006, O'Callaghan's Riverdeep agreed to buy Houghton Mifflin from private equity firms Bain Capital LLC, Blackstone Group LP (BX.N) and Thomas H. Lee Partners LP [THL.UL] for $1.75 billion.

The combined company later bought Reed Elsevier NV's (ELSN.AS) Harcourt education business for roughly $4 billion.


http://www.reuters.com/article/idUSN1 ... 20100114?type=swissMktRpt

Posted on: 2010/1/17 14:41


Re: Tolkien Signatures on eBay???
Shirrif
Joined:
2006/6/5 22:04
From Essex, England
Group:
Shirefolk
Fellowship
Shirrif
Posts: 1660
Offline
It is the same seller as the last 'picture' as the text is virtually identical but a different eBay account.

Fake 1

http://cgi.ebay.com/ANTIQUE-PENCIL-SK ... wings?hash=item33594593d9

Fake 2

http://cgi.ebay.com/ANTIQUE-PENCIL-SK ... wings?hash=item45efe9d072

I'm going to report this seller as well to eBay.

Posted on: 2010/1/16 14:20


Re: This is getting silly!!!!!!
Shirrif
Joined:
2006/6/5 22:04
From Essex, England
Group:
Shirefolk
Fellowship
Shirrif
Posts: 1660
Offline
I looked at the article and this Fellowship is the wrong impression, if it was one of the rare copies it would be the 9th instead of the 10th impression. This is a copy of A&U edition married with a Reader's Union dustwrapper and a fake signature. I reported this seller again to eBay.

Posted on: 2010/1/13 5:46


Re: AL fake too?
Shirrif
Joined:
2006/6/5 22:04
From Essex, England
Group:
Shirefolk
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Shirrif
Posts: 1660
Offline

Khamul wrote:

With all these suspicious signatures, I'm beginning to wonder (as someone has already pointed out) whether it is entirely wise to discuss in such detail what's 'suspicious' about these signatures on this site. Hmmm...

BH


I am going to ask Jeremy if it is possible to set up a private forum for discussing signatures and for him to approve members access to this forum, as I also think it is unwise to discuss this on the public facing side of the forum.

I don't think Alan is well known enough at the moment to have his signature faked and he did sign a lot of books at the COH launch, possibly was tired when he signed this one.

Posted on: 2010/1/13 5:41


Re: This is getting silly!!!!!!
Shirrif
Joined:
2006/6/5 22:04
From Essex, England
Group:
Shirefolk
Fellowship
Shirrif
Posts: 1660
Offline
laurel

I'm struggling with this one. I click on the links in your post but they don't work, can you repost the eBay listing again as I can't find the item you are having problems with.

Andrew

Posted on: 2010/1/12 13:00



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