![Shake-up at Channel One’s parent company](https://mma.prnewswire.com/media/583439/Houghton_Mifflin_Harcourt_Logo.jpg?p=publish)
From Jim Metrock: Houghton Mifflin has a history of making bad decisions. The company has gone through several financial restructurings in recent years. The company’s last restructuring was indeed a Chapter 11 bankruptcy in 2012. Houghton Mifflin used the bankruptcy laws to walk away from a cool $3.1 billion in debt. Any company that...
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