Mon, 30/01/2012 - 08:10
Publishers launching titles on the new Apple interactive textbook platform [part of the iBooks 2 e-book store] have spoken enthusiastically of expansion plans for the future, despite warnings from education professionals of potential drawbacks.
McGraw-Hill, Pearson and Houghton Mifflin Harcourt all partnered with Apple to have...
Thu, 19/01/2012 - 08:30
Digital services and expansion into emerging economies are leading Pearson’s economic growth, as the company reports it has performed “competitively” in a year which has seen “significant change” and weak market conditions.
In its January trading statement, Pearson reported digital revenues of £2bn...
Mon, 12/12/2011 - 08:22
Penguin parent company Pearson has sold its 50% stake in FTSE International to the London Stock Exchange for £450m in cash.
The transaction is expected to close in the first quarter of 2012, with London Stock Exchange then owning 100% of FTSE.
Pearson expects FTSE to make a total post-tax contribution to its adjusted...
Mon, 28/11/2011 - 09:30
The surge of students attending higher education institutions ahead of funding changes in 2012 has led the academic market to outperform the wider book market this autumn.
According to Nielsen BookScan figures, sales through its "Specialist Non-fiction" sector (the best measure of the academic market) in the 12 weeks to 5th...
Tue, 22/11/2011 - 13:37
Academic publisher Pearson has bought Global Education and Technology Group (GETG) in a bid to expand further into China.
The company provides test preparation services for students in China who are learning English. Pearson will pay $155m in cash, valuing GETG at $294m but with the deal offset by $139m on GETG's balance sheet....
Thu, 03/11/2011 - 09:55
Penguin's e-book sales have more than doubled in the first nine months of 2011, as parent Pearson reported an increase in total sales of 3% and operating profit of 13%.
Total sales at Penguin for the nine months to 30th September were flat but the publisher said it offset the decline in physical sales with "strong publishing...
Mon, 24/10/2011 - 09:25
Educational publishers have been accused of not providing enough support to help independent bookshops stay on the high street, as owners call for more discounts.
While some bookshops enjoy the same level of custom they are used to from local schools, others have noticed an increasing trend for establishments to buy online or...
Thu, 01/09/2011 - 08:53
Pearson has embraced an open-source approach to digital content, making its proprietary content available to third-party digital developers.
The publisher officially globally launched its Plug and Play platform today [1st September], which gives in-house and external developers the chance to use Pearson-owned content to create digital...
Tue, 09/08/2011 - 09:14
Pearson has bought German educational materials company Stark Holdings.
The company provides text preparation resources for pupils and teachers. It had sales of €20m for its most recent financial year and has gross assets estimated at €32.6m.
Pearson said the acquisition diversifies its German business and it expects...
Mon, 01/08/2011 - 08:59
Digital sales have helped to bolster profitability for Penguin in the first six months of 2011, with company chiefs looking for organic growth and a focus on the high street over the second half of the year.
Pearson’s interim half-year results revealed that e-book sales across Penguin worldwide were up by 128%, now representing...