In a move that surprised many in the self-publishing community, Macmillan has announced that it will cease all operations at Pronoun, a self-publishing platform that it acquired in May 2016. Jeff Seroy, senior v-p of publicity and marketing at Macmillan's Farrar Straus and Giroux unit, confirmed the shutdown. Asked why Pronoun was being shuttered 18 months after the acquisition, Seroy said despite Macmillan investment in the platform and “terrific” feedback from Pronoun authors, “we came to the conclusion that there wasn't a path forward to a profitable business model and decided to shut down the platform." Seroy said Macmillan will, “continue to invest in the data and analytics side of the company as we have found it of great value.” He also said that former Pronoun CEO Josh Brody and former chief product officer Ben Zhuk left Macmillan earlier in the year. Click Read More below for additional information.
Academic Partnerships (“AP”), a company that assists primarily regional public universities in expanding access and impact by supporting their online programs, announced today that it has entered into a definitive agreement to acquire Wiley University Services, a line of business owned by Wiley (NYSE: WLY). The combined company will support over 125 colleges and universities in 40 U.S. states and internationally.
“Across the globe, there is growing demand for high-quality, affordable online degree programs in workforce-relevant fields,” said Fernando Bleichmar, Chief Executive Officer of AP. “Bringing together AP and Wiley University Services will better enable the combined company to help universities meet students where they are with high-quality, timely online education in our rapidly changing world. The combined company will have the resources and expertise to provide best-in-class services to our university partners and their students from diverse backgrounds, including working adults and professionals.”
AP primarily assists regional public universities with launching and maintaining their online programs. It is committed to expanding access to high-quality, high-return on investment, affordable, and workforce-relevant online education, especially for working and adult students. Wiley University Services works with institutions to deliver career-connected education programs aimed at helping students achieve their goals. Following the closing of the transaction, the combined company will provide universities with a best-in-class partner to support them in delivering programs online so more students can access affordable education, improve their careers, and meet employer and community needs.
more at: https://newsroom.wiley.com/press-releases/press-release-details/2023/Academic-Partnerships-Announces-Acquisition-of-Wiley-University-Services/default.aspx