Pearson profits all round
by Martin Belam, 22 January 2008
I note from the Business section of The Guardian today that it has been an excellent year for educational publisher Pearson.
Financial Times publisher Pearson has predicted that a record year for its education arm will mean its full-year results could beat the City's expectations.
The home of Penguin books and the world's biggest education materials business said it is expecting another year of record profits for 2007.
Pearson said its dominant textbooks and examinations arm has "continued to perform very well" and will report its "strongest year ever".
It is reassuring to know that the company's persistent lobbying against the BBC's educational Jam service wasn't a waste of their time.
I mean, it is a bit of a shame about the millions of pounds of wasted Licence Fee payer's money, and the disastrous impact that withdrawing £45 million pounds worth of BBC commissions from small web publishers had on that sector of the industry, but at least it didn't get in the way of Pearson's record profits, eh?