Houghton Mifflin Harcourt (HMHC) Reports Q3 Loss of $0.10/sh, to Explore Potential Sale of HMH Books & Media Consumer Publishing Business

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Go back to Houghton Mifflin Harcourt (HMHC) Reports Q3 Loss of $0.10/sh, to Explore Potential Sale of HMH Books & Media Consumer Publishing Business

Houghton Mifflin Harcourt Announces Third Quarter 2020 Results, Intent to Explore Potential Sale of HMH Books & Media Consumer Publishing Business

November 5, 2020 7:00 AM EST

BOSTON, Nov. 5, 2020 /PRNewswire/ -- Learning technology company Houghton Mifflin Harcourt ("HMH" or the "Company") (Nasdaq: HMHC) today announced financial results for the quarter ended September 30, 2020. The Company also announced its intent to explore the potential sale of HMH Books & Media, its Consumer Publishing business. The potential sale would reduce debt and build on the Company's October 1 restructuring to align its cost structure to its digital-first, connected strategy, and create a pure-play learning technology company. The Company has engaged Centerview Partners to explore the potential sale of HMH Books & Media.

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