The Conversation – Naomi S. Baron
“Ever since Cengage and McGraw-Hill Education – two of the largest textbook publishers in the U.S. – announced plans to merge next year, fears have arisen that lack of competition in America’s textbook industry will lead to higher textbook prices for students. Indeed, Cengage and McGraw-Hill currently control about 24% and 21% of the textbook market, respectively, while Pearson – the other giant in America’s textbook industry – controls about 40%. If the merger goes through, that means just two companies would control over 80% of U.S. textbook sales, placing control over future price hikes in even fewer hands.” (more)