Another one bites the dust... Houghton-Mifflin announced yesterday that they will be selling their college textbook publishing division to Cengage (formerly Thomson Learning) for $750 million. This continues the trend over the past 20 years of companies buying each other in an increasingly desperate attempt to make their growth numbers. (Need to grow 5% this year? Buy somebody with 5% market share.)
We're left with fewer publishers controlling a larger chunk of the market, which means you can expect prices to continue to skyrocket. Thankfully, we as consumers do have alternatives -- buy used, buy old, or don't buy at all!
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