Thursday, July 16, 2009

McGraw-Hill's Third Reorg in Two Years Claims 550 Jobs

The full story-cum-press release is at Yahoo Finance; it leads with the gosh-wow details of their snazzy new structure, and buries the lede (550 total jobs lost, including 340 in their educational arm alone).

And there's another dash of cold water in the face for those of us who thought book publishing had settled down from the turmoil late last year.

[via Publishers Lunch]

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