"None of the 14 reports for Reed Elsevier and 18 reports for Pearson identified copyright..."

“None of the 14 reports for Reed Elsevier and 18 reports for Pearson identified copyright infringement as a risk factor.” - Jonathan Band and Jonathan Gerafi, in their latest policy report, explaining that expert equity advisors, the people expert investors trust to give an accurate picture of the risks that companies face, almost never cite copyright infringement as a relevant risk to any of the major content companies. Infringement Risk in Copyright-Intensive Industries » infojustice