Here’s a telling quote from Pearson’s Nov. 10 trading update:
“Our technology publishing business continues to face weak conditions in the IT industry but is gaining share and benefiting from its lower cost base.”
I’m sure part of the lower cost base is lower advances and royalties based on so much author competition for book projects. And also the result of dropping staff. Let’s hope this begins to turn around someday soon.
Happily, they report modest growth in the higher education market, as well as online training.