Pearson Touts Exam Paper Marking Division As Next Sell-Off

FT publisher Pearson (NYSE: PSO) is selling another asset. A part of the Pearson Assessments division that makes image scanners that mark exam papers from student nurses, trainee stockbrokers and business school applicants. Times: “Although most of its vocational certification work is online, the trend for automated marking of handwritten tests is still growing. Morgan Stanley calculates that the scanners division had earnings of £12 million in 2006, on sales of £71 million. It should fetch more than £100 million.” It comes after a couple of other efforts to recoup some money to fight digital challenges. French luxury goods maker LVMH has been discussing a £170 million purchase of French newspaper Les Echos, while Germany’s Der Spiegel is in discussion to buy a half share in FT Deutschland.