Changes in publishing world. (Notebook: education information from schools, business, research and professional organizations).The Houghton Mifflin Houghton Mifflin Company is a leading educational publisher in the United States. The company's headquarters is located in Boston's Back Bay. It publishes textbooks, instructional technology materials, assessments, reference works, and fiction and non-fiction for both young readers Co. was recently sold to help reduce debt incurred by the previous parent company, Vivendi Universal. Around the same time, Thayer Capital Partners acquired Sunburst Technology, a Houghton Mifflin division and supplier of educational materials. Vivendi Universal agreed to sell the Boston-based publisher to a group of investors led by Thomas H. Lee Partners  This article or section is written like an .Please help [ rewrite this article] from a neutral point of view. Mark blatant advertising for , using . Thomas H. and Bain Capital Bain Capital LLC is a Boston, Massachusetts-based private equity firm founded in 1984 by Mitt Romney, the former Governor of Massachusetts, and two other partners from the consulting firm Bain & Company: T. Coleman Andrews III and Eric Kriss. . Vivendi, which bought Houghton Mifflin in 2001 for $2.2 billion, sold the company for $1.7 billion in cash and assumed debt to help cut a $19 billion debt--allegedly created by CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Jean-Marie Messier's role in a media-buying spree, according to a story in the Boston Globe. Meanwhile, the Sunburst sale is part of Houghton Mifflin's plan to focus on core businesses, according to a statement Hans Gieskes, CEO of Houghton Mifflin, made in a Thayer Capital press release. |
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