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The Association of Public and Land-grant Universities yesterday published a letter to the Department of Justice Antitrust Division, urging that it block the proposed merger of publishers Cengage and McGraw-Hill Education.
“The textbook market is already highly concentrated, which has helped fuel cost increases far exceeding the overall rate of inflation for several decades. Increased consolidation will further reduce competition, disincentivize innovation, and raise prices for students,” wrote Peter McPherson, president of the APLU, in the letter.
Earlier this summer, consumer group US PIRG voiced its opposition to the merger, citing concerns about potential price increases. Open education advocacy group SPARC has also publicly opposed the merger.
Representatives of Cengage and McGraw-Hill Education told Inside Higher Ed in July that they are confident the merger will benefit their customers. Michael Hansen, CEO of Cengage, has previously said the merger would create quality, affordable products for students.
