Pearson Shares Plunge
Publishing company Pearson slashed dividends and warned of lower profits.
Shares of publishing group Pearson (PSO) - Get Report have hit an 8-year low after the company slashed dividends and cautioned that profits would underperform.
Company CEO John Fallon said, "We are taking more radical action to accelerate our shift to digital models and to keep reshaping our business."
This could lead Pearson to sell all or part of its stake in Penguin Random House.
