Cengage Learning declares bankruptcy

Remember this from 2011?

Cengage_Learning_acquires_NG_headline

Which inspired John Fahey, NGS CEO, to say this:

“Cengage Learning’s scale, educational publishing expertise, and existing relationships within the international and domestic markets, particularly in the higher education space, enables us to expand the reach and impact of the Society’s mission to inspire people to care about our planet.”

Well, if the sale of NG School Publishing was really about the Mission (and not about dumping an asset), then John bet on the wrong company:

Cengage bankruptcy

Read the whole thing here.

John Fahey National Geographic

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UPDATE: Cengage Learning’s Chapter 11 petition (See page 8 for details on National Geographic’s claim.)

  • Joe Smith

    I hope NGS isn’t holding any of their debt.

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