Pearson braces for another year of U.S. textbook pain
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LONDON (Reuters) - Pearson said it was braced for further declines in its U.S. textbook business, which since 2012 has shrunk by about 90%, but from next year, the impact on profits would start to ease.Chief Executive John Fallon, who will retire this year, has sought to transform the British group into a world leader in digital learning and assessment.The shift from textbooks, which can cost hundreds of dollars, has been faster and steeper than he forecast, resulting in a number of profit..