Pearson Reports 20 Percent Increase in Earnings

After months of bad news from the publishing world, Pearson reported that earnings had risen by 20 percent.

According to a recent preliminary report from the corporation, Pearson survived “macroeconomic” forces that have pounded other publishing companies recently. The company includes such publishing brand names as Financial Times, Penguin, and Prentice Hall. The release reports:

“[W]e expect the company to prove durable once again thanks to the strength and breadth of our education business, Penguin’s consistent publishing performance and the FT Group’s shift towards subscription and content revenues.” (Via Publishers Marketplace)

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