Thanks to bestsellers like Dan Brown's Inferno and Sheryl Sandberg's Lean In, Random House Inc. boasted record profits for the first half of 2013, parent company Bertelsmann reported Friday in what will be the last earnings announcement for the publisher as a stand-alone unit. Sales, however, dipped slightly.Random House merged with Penguin on July 1 to become the Manhattan-based global publishing giant Penguin Random House.Compared to the same period a year ago, Random House revenue fell 3% to 915 million euros or $1.2 billion. Operating income rose 4% to 117 million euros or $155 million. A Penguin Random spokesman credited the increase in profits to "cost discipline" and strong sales growth overseas in ebooks, which have higher margins than print editions.The dip in sales revenue reflected the comparison with the unusually strong first half of 2012, when the Fifty Shades trilogy was topping bestseller lists. The "mommy porn" novels padded this year's sales as well, however, selling an additional 5 million copies in both print and digital editions.As a portion of worldwide sales, ebooks fell to 20% of the total from 22% a year ago, largely due to the drop-off from Fifty Shades, according to the spokesman.Penguin also recently reported solid results, with a 6% jump in sales and a 14% spike in profits for the first half. Penguin's parent company Pearson owns 47% of the merged company, with Bertelsmann owning the rest."We can all take pride in what we have... Continue reading at 'Crains New York'
[ Crains New York | 2013-08-30 00:00:00 UTC ]
Penguin Random House acquires Simon and Schuster, creating the largest megapublisher in the United States. Continue reading at Book Riot
[ Book Riot | 2020-11-25 15:00:18 UTC ]
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For book lovers, the announcement may feel like background noise, but the ramifications are huge. Continue reading at The Washington Post
[ The Washington Post | 2020-11-25 12:57:10 UTC ]
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Walker Books had a record year in 2019, with turnover increasing 7% and operating profit soaring 17%, newly released financial results show. Continue reading at The Bookseller
[ The Bookseller | 2020-11-22 21:28:03 UTC ]
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Musing on books' resilience in the pandemic, Tom Weldon talks with Philip Jones; and Penguin Random House India partners with Pippa Rann. The post Industry Notes: Tom Weldon at FutureBook; Penguin Random House UK and India appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2020-11-19 18:15:54 UTC ]
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Hay House will publish A Year of Mystical Thinking: Make Life Feel Magical Again by Glamour journalist Emma Howarth. Continue reading at The Bookseller
[ The Bookseller | 2020-11-03 08:01:43 UTC ]
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The Abu Dhabi-based Sheikh Zayed Book Award sees a 23-percent jump in entries activity, Egypt leading in its number of submissions. The post Record-Breaking Submissions Received by the Sheikh Zayed Book Award appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2020-10-26 14:46:42 UTC ]
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Vowing to address its own workforce demographics, Penguin Random House releases a Global Social Impact site on corporate responsibility. The post Penguin Random House’s Global Social Impact: Claire von Schilling appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2020-10-14 20:00:57 UTC ]
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'Championing authentic Asian representation through media to reshape public opinion,' Gold House opens a new book club. The post Asian-American Identity: Gold House Book Club Opens This Month appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2020-10-02 19:22:27 UTC ]
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Wilson, previously executive director and publisher of the Feminist Press, has been named v-p and executive editor at Random House effective January 4. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-09-30 04:00:00 UTC ]
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Ex-National Security Council official claims she was pressured her to say manuscript contained sensitive information after her department had cleared itA former National Security Council official who while working there reviewed John Bolton’s memoir for classified information before publication,... Continue reading at The Guardian
[ The Guardian | 2020-09-24 15:10:36 UTC ]
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When John Bolton was preparing to publish The Room Where It Happened, his memoir of serving in the Trump White House, he and his legal team took the routine step of submitting it for review at the National Security Council. It was Ellen Knight’s job to oversee that process, as she had done... Continue reading at Literrary Hub
[ Literrary Hub | 2020-09-23 20:07:06 UTC ]
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When a group of thieves stole $3.2 million worth of rare books from a London warehouse in 2017, including seminal scientific texts by Isaac Newton and Galileo, they shocked the antiquarian book world and inspired a number of theories about what had happened. Who would target such rare... Continue reading at Literrary Hub
[ Literrary Hub | 2020-09-18 17:44:04 UTC ]
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PRH Grupo Editorial gets translation rights to English-language titles from Wattpad Book, a world Spanish exclusive. The post Spain’s Penguin Random House Grupo Editorial and Canada’s Wattpad Strike Rights Deal appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2020-08-28 01:10:03 UTC ]
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American writer and consultant Jim Collins, author of Good to Great, is releasing an "ambitious upgrade" of his first book, Beyond Entrepreneurship: Turning Your Business into an Enduring Great Company, previously unpublished in the UK. Continue reading at The Bookseller
[ The Bookseller | 2020-08-19 15:02:55 UTC ]
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Figures for last year show sales of £6.3bn, up 20% on 2015, but the Publishers Association says sector needs government support to weather coronavirusBook sales in the UK hit record levels in 2019, driven by a surge in audiobook and nonfiction titles, according to new figures released as... Continue reading at The Guardian
[ The Guardian | 2020-07-21 23:01:08 UTC ]
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The program was first announced in March to encourage digital read-aloud sessions for libraries and schools forced to close by the novel coronavirus outbreak. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-07-20 04:00:00 UTC ]
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Cassell has acquired a 670-page book giving "the full story" behind every song Bruce Springsteen has ever recorded and released. Continue reading at The Bookseller
[ The Bookseller | 2020-04-24 05:59:50 UTC ]
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Random House Business has acquired Poles Apart, "a major new analysis of political and social tribalism" by the presenters of the podcast "Changed My Mind". Continue reading at The Bookseller
[ The Bookseller | 2020-04-17 07:14:51 UTC ]
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This wide-ranging volume celebrates our fascination with the residences of literary figures, artists, composers and politicians Continue reading at The Washington Post
[ The Washington Post | 2020-04-01 16:03:00 UTC ]
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Bertelsmann has formally completed the full acquisition of Penguin Random House, following the sale of Pearson's remaining 25% stake for $675m (£530m). Continue reading at The Bookseller
[ The Bookseller | 2020-04-01 12:09:24 UTC ]
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