Fifty grades of pain for Pearson

Though publishing group Pearson is doing all it can to adapt to the digital age it has become a victim of disruptive technological developments, particularly in its Penguin book division.

Though publishing group Pearson is doing all it can to adapt to the digital age it has become a victim of disruptive technological developments, particularly in its Penguin book division.

In its interim results, announced first thing on Friday morning, the group let slip that this year will be the first in which revenues from digital and services will exceed turnover from traditional publishing businesses in 2012.

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