The good news is that Pearson issued a brief third-quarter trading update (with no actual sales or profit figures) in which they raised their profit expectations for the full year. The funny part is the way that reputable news organizations (like the BBC and the Telegraph), suffering from ebook fever, come to the erroneous conclusion that “Pearson said that surging demand for e-books had helped drive a better-than-expected performance.” (They are fooled in part by the stock line that Penguin ebook sales increased threefold, which was also the case at the six-month mark–and this time a year ago ebook sales […]