The Scoop on HMH Bankruptcy
Publishers Lunch has everything you need to know about the HMH bankruptcy proceedings (Houghton Plans Pre-Packaged Bankruptcy and Restructuring to Eliminate Over $3 Billion In Debt):
As the company tells employees today in an explanation, “This is positive news. This agreement will put HMH in a much stronger financial position for the future.” Indeed if adopted, it should finally free the company to operate–and invest in itself–rather than struggle to meet its obligations.
Read much more at Publishers Lunch.