Houghton Mifflin acquires Channel One News Houghton Mifflin announced the acquisition of Channel One News, a digital content provider. The acquisition represents HMH’s investment in the development of digital content for students, teachers and parents across multiple modalities, and will bring video and cross-media production capabilities in-house. Channel One News and its employees will continue to be based in New York City.
Houghton Mifflin downgraded at Morgan Stanley As previously reported, Morgan Stanley downgraded Houghton Mifflin to Equal Weight from Overweight. The firm expects reduced 2016 revenue growth as tailwinds from new Common Core teaching standards slow, a reduction in state budgets, and said digital adoption is years away. Price target lowered to $18.