Pearson reported full-year results for 2017 on Friday morning. The most significant news was official confirmation that, as the company suggested last May, they will indeed sell off their US K-12 courseware publishing business. They are “in discussions with potential buyers regarding a disposal of the business.” That will be the last big step in the company’s strategy that if they sell enough of their disparate parts, what’s left behind will finally, a few years down the road, perform well. The new euphemism for this is “simplification,” which they say will make them a “leaner and more agile business.” At Penguin […]
