Pearson’s revenue is down due to decreased US higher education book sales

UK-based Pearson, one of the biggest book publishers in the world, saw print sales drop 30 percent last year; digital sales did not bridge the gap and grew only modestly. Pearson’s press release says, “In 2019 we sold 3.7 million textbooks to students at US universities, compared to 7.4 million in 2016 and 21 million a decade ago.”