https://www.statista.com/statistics/801187/cengage-net-income-quarterly/
Wow, how does the business even stay afloat at this point?
9 replies (most recent on top)
How does Cengage have the $$ to take all its booze-hound reps and mangers to dinners?
Instead, I think they should donate the money to local food banks and go do community service. McDonalds should suffice.
We are at mid-summer. NSM time. Meetings, PowerPoint decks, district dinners. You know the drill.
Question: how many brand-new 1st editions are you being introduced to this summer?
Question #2: how many competitor titles recently acquired are being rolled out?
New content = new profit potential. Upside growth. Good times. That's your metric.
Can you count the new titles on your fingers and still grasp a co-----l that night? Your company is in trouble.
Better wake the day drinkers, the party is over...
As a volumous bee jay recipient I must say I rather enjoyed most of them they were of some value to me.
All those beejays for nothing...
Cengage Unlimited has been an unmitigated success. In fact, it’s the biggest thing to hit EdTech (Cengage is not a publisher) in the last hundred years.
@cjp+1hq8S0QL For sure. Here's the strategy.
- Raise prices
- No investment in new products
- Continue to cut where possible, including sales
- Give little to no raises
Face it. Mgt. knows that few people will leave the company. And those who do will be replaced by lower paid employees. All the institutional knowledge required to be successful in the business has been removed. It's irrelevant today.
At this point in the business life cycle, it's all product maintenance anyway. Name me the last new product launched over the last 20 years thats actually done anything.
Publishing is a small, incestuous business, where it's easier to just exist and take it, than to leave and deal with being uncomfortable. MH and crew know this fact.
It’s a lot easier to stay afloat when you pay your employees dog sh-t
Wait. I thought Cengage just posted an outstanding quarter. Hmm.
Oh right. It’s because it’s all smoke and mirrors.
Name me one positive trend in the industry. Just one.