Bertelsmann to take full control of Penguin Random House

Germany-based media and services company Bertelsmann says it will buy the 25% of publisher Penguin Random House that it doesn't already own for $675 million Continue reading at 'ABC News'

[ ABC News | 2019-12-18 11:47:31 UTC ]

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Paramount scraps $2.2bn sale of Simon & Schuster publishing to Penguin

Penguin owner Bertelsmann will not appeal US judge’s ruling that merger would be illegal because it would hit authors’ payPenguin Random House, the world’s largest book publisher, and rival Simon & Schuster have scrapped a $2.2bn deal to merge, Penguin’s owner said in a statement on... Continue reading at The Guardian

[ The Guardian | 2022-11-21 22:41:38 UTC ]
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TikTok to sell books directly to users via marketplace

To further capitalise on the popularity of BookTok the social media giant will let users purchase titles through partnerships with publishers and retailersTikTok has proved to be a hugely successful way to promote books in recent years, with publishers attributing the popularity of books such as... Continue reading at The Guardian

[ The Guardian | 2022-11-17 16:49:24 UTC ]
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Earnings Fell in the First Half of 2022 at PRH

High inflation and supply chain challenges combined to drop earnings at Penguin Random House 20.7% in the first half of 2022 compared to a year ago. Revenue rose 6.2%, to €1.92 billion, but even there the news was disappointing with parent company Bertelsmann noting that excluding the favorable... Continue reading at Publishers Weekly

[ Publishers Weekly | 2022-08-31 04:00:00 UTC ]
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Snowman author Raymond Briggs dies aged 88

Beloved creator of Fungus the Bogeyman and Father Christmas brought a distinctive strain of melancholy to the genre• The Snowman, the Bogeyman and Father Christmas: the world of Raymond Briggs – in pictures• Raymond Briggs obituary• Share your tributes and memories of Snowman author Raymond... Continue reading at The Guardian

[ The Guardian | 2022-08-10 07:20:39 UTC ]
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Google's new tool will let EU publishers get paid for longer news snippets in search

Google has inked agreements with over 300 news publications in Germany, Hungary, France, Austria, the Netherlands and Ireland that would allow it to publish snippets of their stories on Search. The tech giant has announced the development in a blog post, where it has also launched new tool that... Continue reading at Engadget

[ Engadget | 2022-05-11 10:25:45 UTC ]
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Bono to release memoir about ‘the people, places and possibilities’ of his life

Surrender, which will ‘draw in detail’ what he had previously only sketched in songs, will contain 40 chapters, each named after a U2 song, and include 40 original drawings by the singerThe first memoir by Bono will be released this year, publisher Penguin Random House has announced.While the U2... Continue reading at The Guardian

[ The Guardian | 2022-05-10 15:24:58 UTC ]
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Dolly Parton’s Imagination Library to give books to refugee children

Singer’s global initiative to offer a book each month to 200 refugee children in London until they turn fiveRefugee children in London will be given a book each month until they turn five, thanks to a new project from Dolly Parton’s Imagination Library.The global organisation is partnering with... Continue reading at The Guardian

[ The Guardian | 2022-05-09 15:54:47 UTC ]
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Kelly, Smart Named Co-CEOs at DK

Paul Kelly and Rebecca Smart will take over as co-CEOs of DK worldwide June 1 when its current CEO, Carsten Coesfeld, moves to head Bertelsmann Investments. Continue reading at Publishers Weekly

[ Publishers Weekly | 2022-04-06 04:00:00 UTC ]
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From the Archive: March 30, 1998

This summer, the courts will rule on Bertelsmann subsidiary PRH’s planned purchase of Simon & Schuster. But 24 years ago, the industry was agape over Bertelsmann’s acquisition of Random House. Continue reading at Publishers Weekly

[ Publishers Weekly | 2022-03-25 04:00:00 UTC ]
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August 2022 proposed for PRH and S&S deal court challenge

The Department of Justice is aiming to begin court proceedings against Penguin Random House owner Bertelsmann on 1st August 2022, in a bid to block the publisher from acquiring Simon & Schuster in a $2.2bn deal.  Continue reading at The Bookseller

[ The Bookseller | 2021-12-12 18:18:18 UTC ]
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DOJ sues to block Penguin Random House from merging with Simon & Schuster

Some tech analysts are a bit baffled by the move and, subsequently, the DOJ’s priorities. The Justice Department on Tuesday filed a lawsuit against publisher Penguin Random House that seeks to block its proposed merger with rival Simon & Schuster. It’s one of the Biden administration’s... Continue reading at Fast Company

[ Fast Company | 2021-11-02 14:35:22 UTC ]
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Penguin Classics launches ‘new canon’ of environmental literature

Imprint’s Green Ideas series begins with 20 short books by writers from Rachel Carson to Greta Thunberg it believes are ‘the classics that made a movement’From Greta Thunberg to James Lovelock, publisher Penguin Classics has come up with a “new canon” of the environmental literature, which it... Continue reading at The Guardian

[ The Guardian | 2021-08-26 07:00:42 UTC ]
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Bertelsmann buys £430m stake in Afya

Bertelsmann is expanding its footprint in Brazil’s fast-growing education market, buying a major stake in medical company Afya.   Continue reading at The Bookseller

[ The Bookseller | 2021-06-08 11:31:52 UTC ]
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PRH’s Markus Dohle on Bertelsmann’s 2020 Profit Report

'Globally, people turned to books' in 2020, Markus Dohle says, and Penguin Random House parent Bertelsmann reports on a strong year. The post PRH’s Markus Dohle on Bertelsmann’s 2020 Profit Report appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2021-03-30 15:54:57 UTC ]
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The Guardian view on the writing business: readers must ultimately benefit | Editorial

People want stories and that means cultivating a publishing ecosystem where big and small can flourishThis week both the UK’s Competition and Markets Authority and the Department of Justice in the US announced investigations into the planned $2.2bn acquisition of the publisher Simon &... Continue reading at The Guardian

[ The Guardian | 2021-03-28 17:25:47 UTC ]
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UK watchdog investigates Penguin owner’s Simon & Schuster takeover

CMA says it is considering whether Penguin Random House’s $2bn deal would lessen competitionAuthors fear the worst if Bertelsmann takes over Simon & SchusterThe UK competition watchdog has launched an investigation into Penguin Random House’s $2bn (£1.45bn) takeover of Simon & Schuster,... Continue reading at The Guardian

[ The Guardian | 2021-03-22 09:00:30 UTC ]
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Bertelsmann gives Rabe five more years

Penguin Random House owner Bertelsmann has extended Thomas Rabe’s contract as chairman and c.e.o. for another five years. Continue reading at The Bookseller

[ The Bookseller | 2021-01-21 01:01:48 UTC ]
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Penguin to buy Simon & Schuster, create publishing giant

German media giant Bertelsmann says that its Penguin Random House division is buying rival Simon & Schuster Continue reading at ABC News

[ ABC News | 2020-11-25 20:24:15 UTC ]
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PRH owner Bertelsmann to buy Simon & Schuster in $2bn deal

German media firm, already owner of the giant Penguin Random House, says acquisition of another major publisher is ‘approvable’ within monopoly rulesGerman media group Bertelsmann is set to acquire publisher Simon & Schuster for $2.17bn, less than a year after it took control of Penguin... Continue reading at The Guardian

[ The Guardian | 2020-11-25 16:55:32 UTC ]
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Germany’s Bertelsmann To Buy Simon & Schuster for US$2.175 Billion

Penguin Random House parent company Bertelsmann will acquire Simon & Schuster. If the sale is approved by regulators, the Big Five will become the the Big Four. The post Germany’s Bertelsmann To Buy Simon & Schuster for US$2.175 Billion appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2020-11-25 15:02:49 UTC ]
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