Educational Press Hit By Recession
Alistair Owens www.keen2learn.co.uk
The mighty McGraw-Hill publishing group has suffered a downturn in their world wide business. Publishing text books and journals, they are cutting 550 jobs, alarmingly 340 of the jobs will disappear from their education unit. Ironically only 85 of the jobs are to go from their financial division. Are we seeing a change in the consumption in the demand for educational text books, replaced by newer forms of educational media, or are school budgets under constraint. Arnie Schwarzenegger recently cut millions from the Californian schools budget.
