March 5, 2018 The London-based company announced recently it will sell off its K-12 U.S. print and digital curriculum business to focus on assessments and virtual schools, leaving educators wondering what that means for day-to-day instruction. Pearson officials said in a press briefing Feb. 23 that the company was already talking with potential buyers.
U.S. curriculum products and services were not big moneymakers among Pearson's portfolio. Company officials called them a "lower margin" part of the global enterprise, representing 9 percent of the company's revenues but returning profits of about 2 percent last year. Pearson generated 61 percent of its U.S. sales in prekindergarten through 12th grade and higher education.
Pearson Set to Sell K-12 Curriculum Business, But Not Assessment