The Pearson Foundation will pay $7.7 million after the New York State attorney general found that it had repeatedly broken state law by helping develop products for its corporate parent.
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The newspaper, based in London, said it would publish only one print edition and devote its resources to creating content for the Web and other digital platforms.
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The new company, Penguin Random House, will control more than 25 percent of the trade book market in the United States.
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The mayor spoke Wednesday night at a celebration of the newspaper’s 125th anniversary, calling it “my second favorite financial news outlet.”
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The Amplify, a 10-inch Android tablet for kindergartners through 12th graders, will come with the company’s education curriculum, which can also be used on other devices.
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