First Half Profits Soared at Penguin Random House

Booming audiobook sales and strong performances in some of its largest markets boosted profits up 55.1% at Penguin Random House in the first six months of 2021. Revenue rose 10.9%, to €1.80 billion. Continue reading at 'Publishers Weekly'

[ Publishers Weekly | 2021-08-31 00:00:00 UTC ]

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Bookwire Has an Audiobook Deal With France’s Banijay

Based in Frankfurt, Bookwire's expansion into the French market includes audiobook production and distribution work with Banijay. The post Bookwire Has an Audiobook Deal With France’s Banijay appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2022-11-30 03:03:33 UTC ]
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In Praise of the Worker-Owned Company (OR: What to Do About Simon and Schuster)

Well, Simon & Schuster is not going to be sold, for now. A federal judge ruled in October that Penguin Random House couldn’t buy the publisher, and since then, Simon & Schuster’s parent company has decided against mounting an appeal. That said, the future of America’s third-largest... Continue reading at Literrary Hub

[ Literrary Hub | 2022-11-29 09:53:56 UTC ]
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Bookwire in France: A ‘New’ Audiobook Market

Bookwire's half-day 'All About Audio' conference highlighted trends in the fast-growing but still-young popularity of audiobooks in France. (Sponsored) The post Bookwire in France: A ‘New’ Audiobook Market appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2022-11-23 18:44:09 UTC ]
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What Happens When Publishing Houses Merge?

In November 2020, Penguin Random House expressed interest to buy competitor Simon & Schuster. What are the impacts of mergers such as this? Continue reading at Book Riot

[ Book Riot | 2022-11-23 11:33:00 UTC ]
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The Merger of Penguin Random House and Simon & Schuster Is Dead in the Water

S&S has decided not to extend the deal's deadline, which prevents PRH from appealing the court's decision to block the merger. Continue reading at Book Riot

[ Book Riot | 2022-11-21 14:58:02 UTC ]
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PRH, S&S Deal Likely Dead

With the purchase agreement between Paramount and Penguin Random House set to expire, reports from multiple media sources say that Simon & Schuster's parent company will let the deadline lapse, thereby killing the deal. Continue reading at Publishers Weekly

[ Publishers Weekly | 2022-11-21 05:00:00 UTC ]
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Simon & Schuster and Penguin Random House Deal on the Verge of Collapse

Penguin Random House’s agreement to buy Simon & Schuster is set to fall through. Simon & Schuster’s parent company decided not to extend it after a judge blocked the purchase. Continue reading at The New York Times

[ The New York Times | 2022-11-21 02:56:51 UTC ]
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Bernie Sanders to publish book outlining vision for ‘political revolution’

It’s OK to Be Angry About Capitalism, out next year, will argue the world needs to ‘recognise that economic rights are human rights’Former presidential hopeful Bernie Sanders is to publish a book outlining “a vision of what would be possible if the political revolution took place”.It’s OK to Be... Continue reading at The Guardian

[ The Guardian | 2022-11-17 14:00:36 UTC ]
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Book Riot’s Mystery and Thriller Deals for November 14, 2022

Today’s edition of Mystery Daily Deals is sponsored by the audiobook edition of Murder at Black Oaks by Phillip Margolin`the audiobook edition of Murder at Black Oaks by Phillip... Continue reading at Book Riot

[ Book Riot | 2022-11-14 15:11:26 UTC ]
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In Written Opinion, Judge Florence Pan Delivers Knockout Blow to PRH, S&S Merger

On November 7, Judge Florence Pan released her memorandum opinion blocking Penguin Random House from acquiring rival Big Five publisher Simon & Schuster. In the final analysis, after a year of legal wrangling and a three week trial, it wasn’t a close case for her at all. Continue reading at Publishers Weekly

[ Publishers Weekly | 2022-11-08 05:00:00 UTC ]
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The Guardian view on the book publishing industry: no one size fits all | Editorial

The failure of a recent bid to merge two large publishing companies shines a light on a central issue of cultural powerDespite a rise in self-publishing, commercial publishers are still the main gatekeepers of what arrives on our bookshelves. As such, they have great cultural and – if a book... Continue reading at The Guardian

[ The Guardian | 2022-11-04 18:25:28 UTC ]
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A Merger Between Penguin Random House and Simon & Schuster Was Blocked, but Brought the Industry Little Clarity

The uncertainty comes at a time when publishing is facing slumping sales after a pandemic boom, and fears of recession. Continue reading at The New York Times

[ The New York Times | 2022-11-01 22:14:42 UTC ]
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Court Blocks Merger of Penguin Random House and Simon & Schuster

A Federal Court has blocked Penguin Random House's acquisition of one of its main rivals, Simon & Schuster. Continue reading at Book Riot

[ Book Riot | 2022-11-01 16:06:02 UTC ]
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SIBF 2022: PRH CEO Dohle Says Ruling Is "Utterly Wrong"

Penguin Random House CEO Markus Dohle took the stage on Tuesday morning at the Sharjah International Book Fair and said he is "super disappointed" with the court ruling blocking PRH's proposed acquisition of S&S, calling the decision "utterly wrong." Continue reading at Publishers Weekly

[ Publishers Weekly | 2022-11-01 04:00:00 UTC ]
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Court Blocks PRH-Simon & Schuster Acquisition

In the United States, Judge Pan rules against the merger of trade book publishers Penguin Random House and Simon & Schuster. The post Court Blocks PRH-Simon & Schuster Acquisition appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2022-11-01 02:36:58 UTC ]
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Judge blocks Penguin Random House takeover of Simon & Schuster

Biden administration receives a clear victory, with the judge ruling the blockbuster merger would diminish competition in book publishing. Continue reading at Los Angeles Times

[ Los Angeles Times | 2022-11-01 00:51:06 UTC ]
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US judge blocks $2.2bn Penguin Random House merger

Justice department argued the melding of the publishing house with Simon & Schuster would harm competition and authors’ payA US judge has blocked the $2.2bn planned merger of Penguin Random House, the world’s largest book publisher, with rival Simon & Schuster.Judge Florence Pan of the... Continue reading at The Guardian

[ The Guardian | 2022-11-01 00:30:18 UTC ]
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Open letter to top publisher condemns $2m Amy Coney Barrett book deal

More than 250 literary figures rail against acquisition by Penguin Random House of book by conservative US supreme court justiceMore than 250 figures from the US literary world have signed an open letter protesting the acquisition by Penguin Random House of a book by the conservative supreme... Continue reading at The Guardian

[ The Guardian | 2022-10-27 06:00:22 UTC ]
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Spotify accuses Apple of impeding its fledgling audiobook business

Spotify launched its audiobook business just last month with 300,000 titles, but is now saying that Apple is engaging in "anticompetitive" behavior that is impinging the new business, the company wrote in a blog post. It said that Apple rejected its audiobook purchasing system three times due to... Continue reading at Engadget

[ Engadget | 2022-10-26 07:02:10 UTC ]
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Publishing professionals are calling for PRH to reconsider Amy Coney Barrett’s book.

The Big Five publishers have a history of both publishing and distributing books by people who not only hold abhorrent beliefs, but who wield those beliefs to destroy the rights of people across the world—so it’s no surprise that Sentinel, the conservative Penguin Random House imprint, is... Continue reading at Literrary Hub

[ Literrary Hub | 2022-10-25 14:43:59 UTC ]
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