For a while now Bernstein Research has been among the leaders of analysts calling for Pearson to sell off Penguin. In their facile reasoning, they’ve assumed that the trade publisher would be easy to sell at a premium price even though they believe it’s a laggard next to Pearson’s other assets. In a new report, they have concluded that “Pearson’s marriage to Penguin may have to last longer, just as the benefits of the relationship increasingly look questionable.” Again without any real foundation, they have decided that the Department of Justice’s ebook pricing investigation means that a potential sale of […]
