November 30, 2020

Podcast Interview: Pearson CEO, John Fallon, Talks with Kara Swisher on “Recode Decode”

From Vox:

There’s a famous phrase: The first step in solving a problem is recognizing you’ve got one,” says Pearson CEO John Fallon. And for education company Pearson, the problem is also one of its key products: The textbook.

Since the 1970s, the business model for textbook makers has been to sell very expensive books to students, updating them every few years with new material to keep students paying top dollar. But online textbook rental services from companies like Chegg and Amazon have made it much easier to pay much less, and as a result Pearson’s revenues have fallen from $2 billion in 2013 to $1.3 billion today, Fallon said on the latest episode of Recode Decode with Kara Swisher.

Direct to Listen to the Podcast, Text Summary and Text Transcript

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.

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