Wednesday, January 23, 2008

Finally Some Good News: Pearson Posts Record Profit

Bloomberg News reported yesterday that publishing giant Pearson had a record year in 2007. Of course this makes me happy because despite having left there nine years ago, I'm really still part of the Pearson family by virtue of being married to a current employee. And Pearson has been very good to us all these years.

So of course, I have decided to show my gratitude by stealing one of their employees. But more on that later.

Pearson credits its success to three factors:
  • Penguin has done better than expected.
  • The education business has expanded and opened worldwide testing centers.
  • The Financial Times has grown strongly.

So it's good to hear that at least one of the giants is operating stably and is probably still hiring strongly.

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