Earnings, Margins Rise at Random

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 ]
News tagged with: #print sales #company posted #operating margins #operating margin #cost cutting #negative impact #foreign exchange

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Making the Penguin Random House Merger Work

The trick to making the Random House/Penguin Group merger work will be to create a publisher that can take advantage of the resources and economies of scale a company with revenue of $4 billion brings and combine that with an editorial approach that emphasizes close cooperation with authors,... Continue reading at Publishers Weekly

[ Publishers Weekly | 2012-11-05 00:00:00 UTC ]
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Penguin Random House: Supergroup to redefine trade

Universal shock at the news on Monday (29th October) of a merger between Penguin and Random House... Continue reading at The Bookseller

[ The Bookseller | 2012-11-02 00:00:00 UTC ]
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Emerging Markets are Key to Penguin Random House Merger

Overlooked in the much of the discussion of the Penguin Random House merger is just how important Latin America, China and India are to the deal. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2012-11-01 00:00:00 UTC ]
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Kensal Rise Library to be sold to developers

Kensal Rise Library will be sold for flats, after its owner, All Souls College, Oxford, decided... Continue reading at The Bookseller

[ The Bookseller | 2012-10-26 00:00:00 UTC ]
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Random Penguins?

Although a Random House/ Penguin Group merger is not a done deal yet, the fact that Penguin’s parent company, Pearson, issued a statement confirming that it is in negotiations with Random’s parent, Bertelsmann, about some sort of combination was more than enough to get the industry speculating... Continue reading at Publishers Weekly

[ Publishers Weekly | 2012-10-26 00:00:00 UTC ]
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Penguin and Random House: Will they combine to form the world's biggest publisher?

Pearson, the owner of Penguin, and Bertelsmann, Random House's parent company, are currently in discussions to merge the two companies. Continue reading at The Christian Science Monitor

[ The Christian Science Monitor | 2012-10-26 00:00:00 UTC ]
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Random House and Penguin in "merger" talks

Pearson has confirmed that it is in talks with Bertelsmann regarding a potential merger between... Continue reading at The Bookseller

[ The Bookseller | 2012-10-25 00:00:00 UTC ]
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Aussie Rights Trade on the Rise

Despite a dip in overall book sales down under, Australian agents and rights managers report a booming business from the Frankfurt Book Fair. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2012-10-16 00:00:00 UTC ]
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Swann steps down at WHS, as profit rises 10%

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[ The Bookseller | 2012-10-11 00:00:00 UTC ]
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E-reader numbers 'set to rise 70%' this year

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[ The Bookseller | 2012-09-10 00:00:00 UTC ]
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Random House Children's names new chief

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[ Crains New York | 2012-09-06 00:00:00 UTC ]
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Sales rise at Profile

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[ The Bookseller | 2012-09-04 00:00:00 UTC ]
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Fifty Shades drives record revenues and profits for Random

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[ The Bookseller | 2012-08-31 00:00:00 UTC ]
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Kensal Rise Library to get Bilbary profits share

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[ The Bookseller | 2012-08-28 00:00:00 UTC ]
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Bilbary partnership 'could raise thousands' for Kensal Rise

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B&N Will Rise or Fall with Content

While Barnes & Noble has created lots of buzz and headlines with its Nook e-reading devices, its future profitability lies in the sale of content. That was the message CEO William Lynch delivered to analysts last week in a conference call discussing first-quarter results. Improved gross... Continue reading at Publishers Weekly

[ Publishers Weekly | 2012-08-24 00:00:00 UTC ]
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