APLU Opposes Cengage-McGraw Hill Merger

The Association of Public and Land-grant Universities yesterday published a letter to the Department of Justice Antitrust Division, urging that it block the proposed merger of publishers Cengage and McGraw-Hill Education. “The textbook market is already highly concentrated, which has helped fuel cost increases far exceeding the overall rate of inflation for several decades. Increased consolidation will further reduce competition, disincentivize innovation, and raise prices for students,” wrote Peter McPherson, president of the APLU, in the letter.