From Jim Metrock: To understand the reality of Houghton Mifflin’s controversial Channel One News in 2017, it is important to know… Channel One has lost roughly half of the schools they had in the 1990s. With a much smaller audience, Channel One’s advertising revenue is significantly lower. Because they have less money, Channel One...
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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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