Wednesday, January 18, 2017
Contrary to vested interest....
ZH points to a Bloomberg article on the decline of Pearson's textbook business.
Three big years charged up my savings, then three nothing years. The last nothing year was frustrating because it came immediately after a year of VERY hard work to build a new online edition. I was blaming the publisher for pulling out of the subject area and halting promotion, but now it's clear that all courseware and textbooks are losing ground.
Despite vested interest, I'm happy to see the trend. College shouldn't be a universal goal, and online material should be secondary to REAL HANDS-ON learning.
The capitulation contrasts with months of optimistic statements by Chief Executive Officer John Fallon about the challenges Pearson faces in the U.S., where college enrollments and its testing business are down, and textbook sales unexpectedly declined. Fewer older students are enrolling, community college admissions also are dropping, and more students are renting textbooks.I hadn't been keeping track of the big picture, but my own courseware royalties (not from Pearson) agree with the pattern:
Three big years charged up my savings, then three nothing years. The last nothing year was frustrating because it came immediately after a year of VERY hard work to build a new online edition. I was blaming the publisher for pulling out of the subject area and halting promotion, but now it's clear that all courseware and textbooks are losing ground.
Despite vested interest, I'm happy to see the trend. College shouldn't be a universal goal, and online material should be secondary to REAL HANDS-ON learning.Labels: Experiential education
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