As Expected, Pearson Ready to Sell Penguin Random House Stake; Profit Warning Sinks Shares

Pearson issued a "trading update" on their results Wednesday morning, telling investors they are ready to sell (or recapitalize) their 47 percent stake in Penguin Random House: "With the integration of Penguin Random House complete, and with greater industry-wide stability on digital terms, we intend to issue an exit notice…

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