Report: “The Radical Transformation of the Textbook”
The major publishers are publicly traded companies, under pressure to demonstrate constant growth. Pearson’s digital-first strategy is a significant step toward a more sustainable business model. Under the new system, ebooks will cost an average of $40. Those who prefer actual paper can pay $60 for the privilege of a rental, with the option to purchase the book at the end of the term. The price of a new print textbook can easily reach into the hundreds of dollars; under digital-first, students have to actively want to pay that much after a course is already over, making it an unlikely option for most.
But more technology doesn’t always mean better results. Within K-12 learning environments, the digital divide means that students in low-income and rural households have less access to reliable internet and fewer connected devices on which to complete the online portions of their homework. And while Pearson’s initiative applies only to textbooks in higher ed, the shift to digital has implications at the collegiate level as well.
Just as traditional software has a thriving open source community, textbooks have Open Educational Resources, complete textbooks that typically come free of charge digitally, or for a small fee—enough to cover the printing—in hard copy. And while it’s not an entirely new concept, OER has gained momentum in recent years, particularly as support has picked up at an institutional level, rather than on a course by course basis. According to a 2018 Babson College survey, faculty awareness of OER jumped from 34 percent to 46 percent since 2015.
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See Also: Podcast Interview: Pearson CEO, John Fallon, Talks with Kara Swisher on “Recode Decode”
Filed under: Companies (Publishers/Vendors), Interviews, Journal Articles, News, Podcasts, Profiles
About Gary Price
Gary Price (firstname.lastname@example.org) is a librarian, writer, consultant, and frequent conference speaker based in the Washington D.C. metro area. He earned his MLIS degree from Wayne State University in Detroit. Price has won several awards including the SLA Innovations in Technology Award and Alumnus of the Year from the Wayne St. University Library and Information Science Program. From 2006-2009 he was Director of Online Information Services at Ask.com. Gary is also the co-founder of infoDJ an innovation research consultancy supporting corporate product and business model teams with just-in-time fact and insight finding.