SUBSCRIBE
SUBSCRIBE
EXPLORE +
  • About infoDOCKET
  • Academic Libraries on LJ
  • Research on LJ
  • News on LJ
  • Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Libraries
    • Academic Libraries
    • Government Libraries
    • National Libraries
    • Public Libraries
  • Companies (Publishers/Vendors)
    • EBSCO
    • Elsevier
    • Ex Libris
    • Frontiers
    • Gale
    • PLOS
    • Scholastic
  • New Resources
    • Dashboards
    • Data Files
    • Digital Collections
    • Digital Preservation
    • Interactive Tools
    • Maps
    • Other
    • Podcasts
    • Productivity
  • New Research
    • Conference Presentations
    • Journal Articles
    • Lecture
    • New Issue
    • Reports
  • Topics
    • Archives & Special Collections
    • Associations & Organizations
    • Awards
    • Funding
    • Interviews
    • Jobs
    • Management & Leadership
    • News
    • Patrons & Users
    • Preservation
    • Profiles
    • Publishing
    • Roundup
    • Scholarly Communications
      • Open Access

January 18, 2017 by Gary Price

“Pearson Forecasts Years of Textbook Gloom; to Sell Penguin” & eBook Rental Price Drops, Print Textbook Rentals Announced

January 18, 2017 by Gary Price

From Bloomberg:

2017-01-18_08-29-55“The crisis engulfing Pearson Plc deepened after the education company cut its profit forecast and predicted years of gloom in the U.S. market, forcing it to slash its dividend and put its stake in the iconic Penguin Random House book business up for sale to raise cash.
The unscheduled announcement sent the stock tumbling the most on record. Pearson projected operating profit this year as much as 19 percent below analysts’ average estimates, after missing half-year estimates in six of the last eight reports. Pearson’s partner in Penguin Random House, majority owner Bertelsmann SE, said it would consider raising its stake in the venture.”

Read the Complete Bloomberg Report
eBook and Print Rentals
From a Pearson News Release:

“We are increasing our participation in the courseware rental market, by:
a. reducing eBook rental prices by up to 50% across 2,000 titles – making digital rental the best option for price-conscious students.
b. launching our own print rental program, piloting with an initial group of 50 titles made available through Pearson’s approved rental partners, ensuring Pearson is paid more often for the usage of our courseware. If successful we will scale this program rapidly.”

Read the Complete Pearson News Release
Slides From Today’s Presentation

Filed under: News, Reports

SHARE:

About Gary Price

Gary Price (gprice@mediasourceinc.com) is a librarian, writer, consultant, and frequent conference speaker based in the Washington D.C. metro area. Before launching INFOdocket, Price and Shirl Kennedy were the founders and senior editors at ResourceShelf and DocuTicker for 10 years. From 2006-2009 he was Director of Online Information Services at Ask.com, and is currently a contributing editor at Search Engine Land.

ADVERTISEMENT

Archives

Job Zone

ADVERTISEMENT

Recent Articles on LJ

There Are No Lanes: Rural Libraries Do It ALL | Backtalk

Certified Sustainable | Sustainability

Texas A&M Restructures Library Roles, Rescinds Librarian Tenure

Delaware to Expand Statewide Telehealth Program | ALA Annual 2022

After the MLIS

ADVERTISEMENT

Related Infodocket Posts

New Research Article: "How Policies Portray Students: A Discourse Analysis of Codes of Conduct in Academic Libraries"

The article linked below appears in the July 2022 issue of College & Research Libraries. Title How Policies Portray Students: A Discourse Analysis of Codes of Conduct in Academic Libraries ...

Florida International University (FIU) Launches Open-Access Forensic Research Library

From FIU Announcement: Florida International University (FIU) has launched a first-of-its-kind resource for forensic science practitioners, students, researchers, and the general public. The Research Forensic Library provides access to thousands ...

"Book Banning and the First Amendment" (Video Recording of a Freedom Forum Event)

The video recording of Freedom Forum event about about book banning and the First Amendment was recorded at the Library of Congress on June 21, 2022. The discussion features: Suzanne ...

Educopia Partnering with Curtin University and OAPEN to Create a Community Governed OA Book Analytics Service for Publishers

From an Educopia Announcement: With more than AUD $1M in support from the Mellon Foundation, we at Educopia are excited to be working with collaborative partners at Curtin University  and ...

Just Released: U.S. Copyright Office Publishes Report on Copyright Protections For Press Publishers

From the U.S. Copyright Office: On June 30, 2022, the U.S. Copyright Office published a report titled Copyright Protections for Press Publishers. At the request of Senators Leahy, Tillis, Cornyn, ...

U.S. Census Releases 2021 Population Estimates: Nation Continues to Age as It Becomes More Diverse

From the U.S. Census: The last two decades have seen the country grow continuously older. Since 2000, the national median age – the point at which one-half the population is ...

Vision 2030: Library and Archives Canada Releases New Strategic Plan

From the LAC Website: Following two years of consultations, reflection and work, Library and Archives Canada (LAC) has unveiled its strategic plan, Vision 2030, defining the institution’s goals until 2030 ...

Journal Article: "The Financial Maintenance of Social Science Data Archives: Four Case Studies of Long-Term Infrastructure Work"

The article linked below was recently published by the Journal of the Association for Information Science and Technology (JASIST). Title The Financial Maintenance of Social Science Data Archives: Four Case ...

Library Futures Releases Policy Statement and Draft eBook Legislative Language: Mitigating the Library eBook Conundrum Through Legislative Action...

From a Library Futures Post by Kyle Courtney and Juliya Ziskina: Library Futures is excited to announce that we are launching our policy statement on eBooks. Current eBook licensing practices ...

How Can Data Librarians Support Data Communities? An Interview with Jordan Wrigley

From the Ithaka S+R Interview by Dylan Ruediger and Ruby MacDougall: Data communities provide social and practical incentives for scientists to voluntarily share and reuse data with colleagues. In order ...

Roundup (June 30, 2022)

ALPSP Awards for Innovation in Publishing 2022: Shortlist Announced (via ALPSP) Library Publishing Coalition Welcomes University of Kansas  and University of Delaware as New Members (via LPC) NLM Responds to ...

ACLU: "It’s 2022 and Two Books Are on Trial for 'Obscenity'"

From the ACLU: …last month, a Virginia resident initiated obscenity proceedings against two acclaimed books: Gender Queer, a Memoir, by Maia Kobabe, an autobiographical graphic novel that depicts the author’s ...

ADVERTISEMENT

FOLLOW INFODOCKET ON TWITTER

Tweets by @infodocket

ADVERTISEMENT

This coverage is free for all visitors. Your support makes this possible.

This coverage is free for all visitors. Your support makes this possible.

Primary Sidebar

  • News
  • Reviews+
  • Technology
  • Programs+
  • Design
  • Leadership
  • People
  • COVID-19
  • Advocacy
  • Opinion
  • INFOdocket
  • Job Zone

Reviews+

  • Booklists
  • Prepub Alert
  • Book Pulse
  • Media
  • Readers' Advisory
  • Self-Published Books
  • Review Submissions
  • Review for LJ

Awards

  • Library of the Year
  • Librarian of the Year
  • Movers & Shakers 2022
  • Paralibrarian of the Year
  • Best Small Library
  • Marketer of the Year
  • All Awards Guidelines
  • Community Impact Prize

Resources

  • LJ Index/Star Libraries
  • Research
  • White Papers / Case Studies

Events & PD

  • Online Courses
  • In-Person Events
  • Virtual Events
  • Webcasts
  • About Us
  • Contact Us
  • Advertise
  • Subscribe
  • Media Inquiries
  • Newsletter Sign Up
  • Submit Features/News
  • Data Privacy
  • Terms of Use
  • Terms of Sale
  • FAQs
  • Careers at MSI


© 2022 Library Journal. All rights reserved.


© 2022 Library Journal. All rights reserved.