Reading & Literacy

Publishers Feeling the Reading First Cuts

January 28, 2009 1 min read

Some of the publishers that made a heap of money off the Reading First program—which pumped $1 billion a year into instructional materials and professional development, as well as coaching positions in participating schools—are reporting losses now that the budget has been axed, according to this Publishers Weekly article.

“Worsening economic conditions facing large urban districts were exacerbated by a sharp reduction in federal funding for Reading First programs,” the magazine quotes Terry McGraw, the chairman of the company that publishes Open Court Reading and other popular reading series.

Despite the 5.4 percent decline for McGraw-Hill’s school division, the company’s K-12 arm still gained $1.4 billion in revenue ($6.4 billion in revenue for the company overall). State textbook adoptions are still fueling profits.

A few weeks ago, another publisher also reported some money troubles. Riverdeep, which bought ed publishers Houghton Mifflin and Harcourt a couple years ago, has been saddled with debt and may be looking to sell off some of its consumer publishing assets, according to news reports.

This story, however, includes claims from Houghton Mifflin/Harcourt officials that their business is solid. Houghton Mifflin’s reading program has been a popular choice among Reading First schools and was one of just two approved programs, along with Open Court, in California’s English/language arts adoption for the early elementary grades several years ago.

A version of this news article first appeared in the Curriculum Matters blog.

Events

This content is provided by our sponsor. It is not written by and does not necessarily reflect the views of Education Week's editorial staff.
Sponsor
Student Well-Being Webinar
A Safe Return to Schools is Possible with Testing
We are edging closer to a nationwide return to in-person learning in the fall. However, vaccinations alone will not get us through this. Young children not being able to vaccinate, the spread of new and
Content provided by BD
This content is provided by our sponsor. It is not written by and does not necessarily reflect the views of Education Week's editorial staff.
Sponsor
Teaching Webinar
Meeting the Moment: Accelerating Equitable Recovery and Transformative Change
Educators are deciding how best to re-establish routines such as everyday attendance, rebuild the relationships for resilient school communities, and center teaching and learning to consciously prioritize protecting the health and overall well-being of students
Content provided by Campaign for Grade-Level Reading
This content is provided by our sponsor. It is not written by and does not necessarily reflect the views of Education Week's editorial staff.
Sponsor
Reading & Literacy Webinar
Addressing Learning Loss: What Schools Need to Accelerate Reading Instruction in K-3
When K-3 students return to classrooms this fall, there will be huge gaps in foundational reading skills. Does your school or district need a plan to address learning loss and accelerate student growth? In this
Content provided by PDX Reading

EdWeek Top School Jobs

Teacher Jobs
Search over ten thousand teaching jobs nationwide — elementary, middle, high school and more.
View Jobs
Principal Jobs
Find hundreds of jobs for principals, assistant principals, and other school leadership roles.
View Jobs
Administrator Jobs
Over a thousand district-level jobs: superintendents, directors, more.
View Jobs
Support Staff Jobs
Search thousands of jobs, from paraprofessionals to counselors and more.
View Jobs

Read Next

Reading & Literacy Spotlight Spotlight on the Science of Reading 2021
In this Spotlight, review where the learning gaps are for those learning to read, determine if teachers are properly prepared and more.
Reading & Literacy Letter to the Editor The Politics of Reading Is Failing Students
The National Reading Panel's guidance—not instruction—is to blame for students' low reading assessment scores, says a reading tutor.
1 min read
Reading & Literacy Opinion The Pandemic Will Worsen Our Reading Problem. Another Outcome Is Possible
Early learning lays the foundation for literacy. Here’s how to get young students back on track after a disrupted school year.
Emily Freitag
4 min read
Illustration of teachers helping students climb books.
Jess Suttner for Education Week
Reading & Literacy Is the Bottom Falling Out for Readers Who Struggle the Most?
A growing proportion of 4th and 8th graders read at the lowest level on national tests. Experts are working to understand why.
5 min read