Haights Cross Revenue Flat, Bankruptcy Looms

June 2009
Educational Marketer;6/ 8/2009, Vol. 40 Issue 12, p5
Trade Publication
The article reports on the revenue of K-12 publisher Haights Cross Communications Inc., which slightly increased by 0.3 percent to 171.1 million dollars in 2008 in the U.S. It states that the rise in the audiobook sales by 3.4 percent overcame the decline in the revenue for the Test Prep/Intervention segment by 2.8 percent. It mentions that the company is facing bankruptcy with a capital deficiency of 320.5 million dollars in 2008.


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