PRC Evaluates Postal Service Compliance with Pricing and Service in FY 2020 Annual Compliance Determination

The next generation of British authors could struggle to land a book deal after Brexit, according to the publisher who launched Harry Potter writer JK Rowling’s career. The UK’s close ties with Europe meant British publishers enjoyed a huge financial benefit from exploiting the exclusive English-language rights to books sold across the continent. However, US publishing companies such as Simon & Schuster believe Brexit will open the door to competition and break the cosy historical deals enjoyed by British publishers. Under such a scenario, British publishers will be forced to focus on keeping their star writers happy, potentially offering them more lucrative deals to keep European rights. As a result, financially pressured British publishers are likely to become more risk-averse in signing and promoting new and aspiring authors. Click Read More below for additional information.

Improving trend in Q3 with a strong performance in Global Online Learning; North American Courseware and Global Assessment in line with expectations; and International further impacted by COVID-19 *At the nine months, Group sales declined by 14% largely reflecting the continuing impact of COVID-19 and test centre and school closures in Global Assessment and International, and expected declines in North American Courseware. *Global Online Learning sales grew 14% due to 41% enrolment growth in Virtual Schools for the academic year 2020/2021 and strong sales growth in Online Program Management (OPM) driven by undergraduate and international performance, partially offset by discontinued programs. *Global Assessment sales declined 19% due to the impact of test centre closures in Professional Certification (Pearson VUE), cancellation of spring testing in US Student Assessment and school closures impacting Clinical Assessment. *North American Courseware declined 14% with a stronger adoption performance in the Fall in US Higher Education Courseware and good growth in digital and subscription take up leading to the faster decline of higher priced package and print sales. *International declined 24% due to the impact of COVID-19 and as the associated economic effects intensified in several key markets, predominantly affecting public and private spending on courseware and assessments. *Pearson retains a strong balance sheet and significant financial headroom.

PANTONE 17-5104 Ultimate Gray + PANTONE 13-0647 Illuminating, two independent colors that highlight how different elements come together to support one another, best express the mood for Pantone Color of the Year 2021. Practical and rock solid but at the same time warming and optimistic, the union of PANTONE 17-5104 Ultimate Gray + PANTONE 13-0647 Illuminating is one of strength and positivity. It is a story of color that encapsulates deeper feelings of thoughtfulness with the promise of something sunny and friendly. A message of happiness supported by fortitude, the combination of PANTONE 17-5104 Ultimate Gray + PANTONE 13-0647 Illuminating is aspirational and gives us hope. We need to feel that everything is going to get brighter – this is essential to the human spirit.