EMPG plans ‘comprehensive’ restructuring
Published 13/01/2010 | 15:49
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.