Although worldwide sales at Random House fell 4.3% in 2011, the company posted its highest earnings and operating margins in at least five years. EBIT (earnings before interest and taxes) rose 6.9%, to 185 million euros, with an operating margin of 10.6%, a full percentage point higher than 2010. Between 2007 and 2011, sales on a reported basis fell 4.8%, while operating EBIT jumped 35.0%. Cost cutting, including consolidating office space in Random’s New York headquarters, and lower returns due to higher ebook sales contributed to the higher profits in 2011. The sales decline was due to a combination of the negative impact of foreign exchange and a decline in print sales. Continue reading at 'Publishers Weekly'
[ Publishers Weekly | 2012-03-30 00:00:00 UTC ]
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Penguin Random House this weekend took to the streets of central London to march in support of Pride, an annual event which this year marked 50 years since the decriminalisation of homosexuality in England. Continue reading at The Bookseller
[ The Bookseller | 2017-07-11 00:00:00 UTC ]
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Pearson has agreed to sell 22% of its stake in Penguin Random House (PRH) to co-shareholder Bertelsmann, valuing the publisher at $3.55bn (£2.76bn). The deal means Bertelsmann will increase its control over the publisher, owning a 75% stake, while Pearson will own the remaining 25%. The deal is... Continue reading at The Bookseller
[ The Bookseller | 2017-07-11 00:00:00 UTC ]
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Shares in the publishing firm rise after it says the sale will raise about $1bn (£776m). Continue reading at BBC News
[ BBC News | 2017-07-11 00:00:00 UTC ]
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Despite no big hit, sales of print units this year are 3% higher than in the first half of 2016. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-07-07 00:00:00 UTC ]
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Oxford University Press has reported turnover up 3.3% on a like-for-like basis at constant currency rates, at £847.4m, for the year ending 31st March 2017. Continue reading at The Bookseller
[ The Bookseller | 2017-07-07 00:00:00 UTC ]
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A new report issued this week by the trade association representing German publishers and booksellers revealed that book revenue was up 1% in Germany last year, hitting €9.28 billion ($10.41 billion). The largest segment seeing gains was children's books. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-06-15 00:00:00 UTC ]
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The book business’ Rising Stars of 2017 are a class apart in more ways than one, with signs that the trade is opening its doors to new voices... Continue reading at The Bookseller
[ The Bookseller | 2017-06-09 00:00:00 UTC ]
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Two friends started a website in their dorm room that IPO’d. Then came the dotcom bust. Here are the lessons the founder took to his next venture. Before Mark Zuckerberg created The Facebook, and even before Tom Anderson of MySpace was a household name, there was Todd Krizelman and Stephan... Continue reading at Fast Company
[ Fast Company | 2017-06-08 00:00:00 UTC ]
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On Friday, June 2, from 2:30–4 p.m., stop by the PW BookExpo Librarians’ Lounge (Booth 875) for ice cream, and author talk, courtesy Penguin Random House library marketing team. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-05-25 00:00:00 UTC ]
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Dominique De-Light blogs about why Creative Future is determined to help underrepresented writers. Continue reading at The Bookseller
[ The Bookseller | 2017-05-17 00:00:00 UTC ]
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Bertelsmann, which has a 53% stake in Penguin Random House, has reported 7% rise in group profit in its first quarter to almost €200m. Continue reading at The Bookseller
[ The Bookseller | 2017-05-12 00:00:00 UTC ]
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Revenue at the publisher rose 4% in the third quarter of fiscal 2017, to $374 million. Earnings increased 3%, to $37 million. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-05-10 00:00:00 UTC ]
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It would be understandable if Snap Inc. is feeling a little jittery as it closes the book on its first quarter as a public company today. The owner of the Snapchat messaging and media app has to show strong ad sales and a growing user base when it makes its report after the close of business.... Continue reading at Advertising Age
[ Advertising Age | 2017-05-10 00:00:00 UTC ]
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Simon & Schuster saw worldwide revenue growth of 11% in the first quarter of 2017, up to $161m (from $145m for the same prior-year period). Continue reading at The Bookseller
[ The Bookseller | 2017-05-06 00:00:00 UTC ]
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Donald Trump loves Reasons to Vote Democrat, a volume of white space that follows a number of liberal spoofs with the same content. I prefer less vacant jokesIt’s a product worthy of Reggie Perrin’s Grot shop – the store opened to sell tat in David Nobbs’s magnificent satire of modern life: a... Continue reading at The Guardian
[ The Guardian | 2017-04-18 00:00:00 UTC ]
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The Bookseller is issuing a call for entries to its Rising Stars, the annual celebration of the industry’s up and comers, once again backed by the Frankfurt Book Fair (FBF). Continue reading at The Bookseller
[ The Bookseller | 2017-04-13 00:00:00 UTC ]
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The biggest of the Big Five widens its footprint in Spanish-language markets with the Ediciones B group, expanding PRH Grupo Editorial. The post Penguin Random House Grupo Editorial Is Acquiring Spain’s Ediciones B appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2017-04-07 00:00:00 UTC ]
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Stripes Publishing has acquired two standalone middle grade fantasy novels by Irish author Sinéad O’Hart. Continue reading at The Bookseller
[ The Bookseller | 2017-04-04 00:00:00 UTC ]
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Four of the five large publicly held trade publishers managed to improve their operating margins in 2016 over 2015, despite generally weak revenue performances. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-03-31 00:00:00 UTC ]
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Glorious weather did not deter the French from attending the four-day Paris book fair or Livre Paris, which ended last night with a 3% increase in visitor numbers to nearly 160,000 from 155,000 last year. Continue reading at The Bookseller
[ The Bookseller | 2017-03-29 00:00:00 UTC ]
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