Moody's: US textbook publishers' remain threatened by secular headwinds, growing competition
New York, February 28, 2017-- The US textbook publishing industry will continue to be challenged by declining enrollment in higher education, increased competition and cost concerns following a weak 2016, says Moody's Investors Service in a new report. Revenues for major publishers dropped 2%-9% and total billings, or revenues plus deferred revenues, fell 7%-10% through September 2016.. "We anticipate low to mid-single digit declines in both revenues and total billings will...
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