Saturday, October 12, 2019

Pearson's Hurting from Lower Textbook Sales - Alex Hickey, Morning Brew

Pearson, the publisher you paid $215 for an Econ 101 textbook you opened twice, is hurting. Yesterday, the company said courseware sales to U.S. universities are expected to fall as much as 12% this year, far more than expected. From 1998–2019, U.S. college textbook prices increased over 180% (nearly the same rate as college tuition and fees).  But from Aug. 2018 to Aug. 2019, prices dropped 0.8% as students increasingly opted for digital textbooks, open-source textbooks, and Morning Brew. They're all cheaper options and some even quiz you on Fridays.

https://www.morningbrew.com/daily/stories/2019/09/26/pearsons-hurting-lower-textbook-sales