BNED Campus Bookstores to Offer McGraw-Hill Education Content through
Inclusive Access Programs
BNED to Distribute McGraw-Hill Education's New Rental Titles
BASKING RIDGE, N.J.--(BUSINESS WIRE)--
Barnes
& Noble Education, Inc. (NYSE: BNED), a leading provider of
educational products and services solutions for higher education and
K-12 institutions, today announced an expanded relationship with McGraw-Hill
Education, which will provide students, faculty and institutions
with greater access to more affordable course materials. The companies
will partner on two initiatives: the distribution of McGraw-Hill
Education e-content through inclusive access models on campuses served
by BNED, and the distribution of McGraw-Hill Education's new rental
titles through BNED channels.
"Both Barnes & Noble Education and McGraw-Hill Education are committed
to supporting student success," said Patrick Maloney, Chief Operating
Officer of Barnes & Noble Education and President of Barnes & Noble
College. "Working together, we can ensure students have access to the
largest selection of the most affordable course materials, helping them
to succeed in the classroom and beyond."
Inclusive access models, including Barnes & Noble College's First
Day model, offer course materials at reduced prices through a course
materials fee for participating courses or programs. These models ensure
students receive their materials on or before the first day of class,
and have a proven track record of driving positive outcomes for
students. Barnes & Noble Education and McGraw-Hill Education will
partner to make McGraw-Hill Education content available through
inclusive access programs offered at the nearly 1,485 schools served by
Barnes & Noble Education.
"We are excited to continue working with Barnes & Noble Education to
increase affordability and improve outcomes for students," said Bill
Okun, President of Higher Education at McGraw-Hill Education. "Our new
rental program, along with Inclusive Access models that make our digital
courseware and adaptive capabilities available to students from the
first day of class, play important roles in driving value for students
across the country."
As
announced earlier today, through its Barnes & Noble College and MBS
Textbook Exchange subsidiaries, BNED will also act as a distributor for
rental textbooks offered through McGraw-Hill Education's newly announced
rental program. The program includes more than 250 copyright 2019
titles, with plans for all future titles.
"We are excited to strengthen our partnership with McGraw-Hill
Education, utilizing our large footprint of nearly 1,485 stores to
distribute their rental titles," said Mr. Maloney. "Barnes & Noble
Education's combined resources and expertise in administering rental
programs, in addition to our extensive campus relationships, will enable
us to bring McGraw-Hill Education's titles to a wide audience of
students seeking high-quality, affordable options."
Through BNED's MBS subsidiary, McGraw-Hill Education's rental program
will also be made available to MBS Systems, Wholesale, and Direct
customers. This includes both institutionally run and contract managed
campus bookstores. Through its centrally located, advanced distribution
center, MBS will offer a seamless integration of McGraw-Hill Education's
rental program, providing a single point of entry for the rental titles
and centralized administration and distribution to more than 3,700
stores.
"We look forward to supporting all of our customers by internally
managing many of the processes required for a successful rental program.
We are uniquely positioned to provide seamless ordering, receiving and
returns of these materials through the same processes bookstores use
today, also adding the reporting required to track transactions," said
David Henderson, President of MBS Textbook Exchange. "This partnership
will provide a streamlined ordering process for all of our clients, and
more affordable rental titles to the students they serve. We are eager
to attend CAMEX, where we will explain in greater detail just how easy
it will be for bookstores to participate in this program."
ABOUT BARNES & NOBLE EDUCATION, INC.
Barnes & Noble Education, Inc. (NYSE: BNED), a leading
provider of educational products and services solutions for higher
education and K-12 institutions, enhances the academic and social
purpose of educational institutions. Through its Barnes & Noble College
and MBS subsidiaries, Barnes & Noble Education operates 1,483 physical
and virtual bookstores and serves more than 6 million students and
faculty, and offers a suite of digital software, content and services
including direct-to-student study tools. The Company also operates one
of the largest textbook wholesale distribution channels in the United
States. Barnes & Noble Education acts as a strategic partner to drive
student success, provide value and support to students and faculty, and
create loyalty and improve retention, while supporting the financial
goals of our college and university partners.
BNED companies include: Barnes
& Noble College Booksellers, LLC, MBS
Textbook Exchange, LLC, BNED
LoudCloud, LLC, Student
Brands, LLC, and Promoversity,
LLC. General information on Barnes & Noble Education may be obtained
by visiting the Company's corporate website: www.bned.com.
ABOUT MCGRAW-HILL EDUCATION
McGraw-Hill Education is a learning science company that delivers
personalized learning experiences that help students, parents, educators
and professionals drive results. McGraw-Hill Education has offices
across North America, India, China, Europe, the Middle East and South
America, and makes its learning solutions available in more than 60
languages. Visit us at mheducation.com
or find us on Facebook
or Twitter.
For more information about McGraw-Hill Education's focus on
affordability and outcomes, visit: http://mheducation.com/realvalue.
View source version on businesswire.com: http://www.businesswire.com/news/home/20180208006378/en/
Barnes & Noble Education
Carolyn J. Brown, 908-991-2967
Vice
President
Corporate Communications
cbrown@bned.com
or
McGraw-Hill
Education
Tyler Reed, 646-766-2951
Director
Corporate
Communications
tyler.reed@mheducation.com
Source: Barnes & Noble Education, Inc.
News Provided by Acquire Media