Sunday 26 March 2017

EMPG plans ‘comprehensive’ restructuring

Louisa Fahy

Education Media & Publishing Group, the parent company of Houghton Mifflin Harcourt, said it is in discussions with its debt holders aimed at a "comprehensive" financial restructuring.

EMPG is holding talks to put it on a “stronger financial footing,” it said today in an e-mailed statement.

“These developments have no adverse effect on our day-to- day operations, on our employees, or on the nature and quality of the services we provide to our customers and business partners,” it said in the statement.

Bloomberg

Promoted articles

Also in Business