Washington, DC – Association of Public and Land-grant Universities (APLU) President Peter McPherson today issued the following statement applauding the termination of the proposed merger of McGraw-Hill and Cengage.
“We applaud McGraw-Hill and Cengage’s decision to terminate their proposed merger. Today’s news is a win for millions of hard-working students who rely on the effective and affordable learning materials that a competitive market facilitates.
“Last September, APLU urged the U.S. Department of Justice to block the proposed merger for exactly this reason. The digital revolution in college textbooks holds the potential to create new learning products that increase student success and reduce costs. More providers in the marketplace will help ensure more students benefit from digital transformation.”