(Reuters) – Pearson Plc (PSON.L) said revenue at a key U.S. business fell 5 percent and forecast a possible similar drop next year as the education publisher undergoes a major restructuring to focus on boosting its digital content.
FILE PHOTO: The company logo is displayed outside the Pearson offices in London, Britain August 4, 2017. REUTERS/Neil Hall/File Photo
The FTSE 100 company has struggled to grow its U.S. higher education courseware (HECW) as students have moved away from new textbooks for second-hand copies and digital learning materials.
After a few tumultuous years, Pearson had pinned its restructuring hopes on the business, calling it last year the single biggest opportunity to gain share through its digital transformation. …
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