OLD Media News

News Corp to acquire Houghton Mifflin Harcourt Books and Media

News Corp is planning on buying the Books and Media division of Houghton Mifflin Harcourt for $349 million in cash.

The news comes just four days after News Corp shared its plans to acquire Investor’s Business Daily, which will operate as a standalone brand under Dow Jones.

The HMH Books and Media and News Corp deal is expected to close in News Corp’s fourth quarter of fiscal 2021. Under this deal, HMH Books and Media will be run by News Corp subsidiary HarperCollins Publishers.

HMH Books and Media will bring with it more than 7,000 titles including popular backlist titles.

Brian Murray, president and CEO of HarperCollins Publishers said:

“Combining HMH Books & Media’s strong catalog with HarperCollins’s global platform will allow for increased investment in HMH Books & Media’s trade programs and we expect faster growth of the combined companies at a time of rapid growth in book consumption.

“Joining HMH Books & Media’s media productions team and the HarperCollins Children’s global catalog will open up new animation and gaming opportunities as we look to accelerate the expansion of our IP across multiple formats.”

Mariam Ahmed

Recent Posts

Is this the end of CoinDesk as we know it?

Former CoinDesk editorial staffer Michael McSweeney writes about the recent happenings at the cryptocurrency news site, where…

7 hours ago

LinkedIn finance editor Singh departs

Manas Pratap Singh, finance editor for LinkedIn News Europe, has left for a new opportunity…

1 day ago

Washington Post announces start of third newsroom

Washington Post executive editor Matt Murray sent out the following on Friday: Dear All, Over the last…

2 days ago

FT hires Moens to cover competition and tech in Brussels

The Financial Times has hired Barbara Moens to cover competition and tech in Brussels. She will start…

2 days ago

Deputy tech editor Haselton departs CNBC for The Verge

CNBC.com deputy technology editor Todd Haselton is leaving the news organization for a job at The Verge.…

2 days ago

“Power Lunch” co-anchor Tyler Mathisen is leaving CNBC

Note from CNBC Business News senior vice president Dan Colarusso: After more than 27 years…

2 days ago