The real Common Core curriculum decision makers
Houghton Mifflin Harcourt (NASDAQ:HMHC) is a global learning company dedicated to changing people’s lives by fostering passionate, curious learners. -- Business WireIf you are wondering about how Common Core curriculum decisions are made and how agendas are set, this news might interest you.
From Edweek:
A major portion of Scholastic Corp.'s educational technology and services business will be purchased by Houghton Mifflin Harcourt for $575 million in cash, in an agreement Scholastic announced today.
Scholastic's ed-tech business has been operating at a loss. In the last quarter reported, the company's ed-tech revenue declined 4 percent, to $34.3 million, while Scholastic's overall sales increased 2 percent in that quarter, according to results announced by the company on March 26. The ed-tech segment's operating loss increased by $1.7 million to a loss of $12.4 million, compared to an operating loss of $10.7 million in the prior year.
The company attributed the decline mostly to lower math product sales and lower consulting revenues in its International Center for Leadership in Education unit. Sales of core literacy publishing product were essentially flat compared to the prior year; however, both new business and expansion sales of READ 180® stages, along with technology support services, were higher in the current quarter as compared to the prior year period, the company said.Boston-based Houghton Mifflin Harcourt is buying up- everything in sight related to Common Core. They've already acquired Channel One and Curiosityville. HMH is Schooling in the Ownership Society: The real Common Core curriculum decision makers: