Houghton-Mifflin-Harcourt can not catch a break

It has been a bad couple of weeks for newly created Houghton-Mifflin-Harcourt

On May 11 it was learned that HMH had lost their Moody’s Credit Rating. Not so good if you need a loan/cash for various things. Like paying your bills. And your employees. Or those little Penguins you have come dance for you at the office. Little fishes cost money, people!

The OTHER bad news came at the beginning of this week when California filed an anti-trust complaint in federal court over the merger of Houghton-Mifflin and Harcourt. Seems like California doesn’t like when a one company controls 50% of the United States’ text book sales. But I mean, come on, where were they 10 years ago when the media industry started consolodating left and right? Random House and Penguin didn’t get that way overnight, or under cover of darkness when you fell asleep to steal your car keys and go joy-riding all over the city.

Best of luck, HMH. How else are we going to get our Philip Roth fix if you fail? Or … that 7th grade algebra book I’ve been reading for the past 12 years. I’ll get you one day, Pythagorean Theorem.


One thought on “Houghton-Mifflin-Harcourt can not catch a break

  1. Actually Moody’s is no longer rating HMH per HMH’s request. Since they are not a public company, no need for ratings coverage.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s