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 ]
Mind-body-spirit publisher Hay House UK has bought a book from body positive advocate and social media influencer Nia The Light on self-discovery. Continue reading at The Bookseller
[ The Bookseller | 2019-07-31 10:04:04 UTC ]
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Hoping 'it helps Penguin Random House Grupo Editorial increase its presence in the Catalan-language market,' the company buys the 34-year-old La Campana. The post Spain’s Penguin Random House Grupo Editorial Buys Catalan La Campana Llibres appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2019-07-31 01:20:33 UTC ]
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At the end of her sophomore year in college, Mary Beth Keane’s writing teacher gave her a summer reading list that changed her life. Continue reading at The New York Times
[ The New York Times | 2019-07-26 09:00:00 UTC ]
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Having distributed more than 400,000 children's books last year, the PRH-Kellogg's partnership, Feeding Reading, is back this year with 125 titles on offer. The post Penguin Random House and Kellogg’s Renew ‘Feeding Reading’ Promotion appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2019-07-25 05:30:50 UTC ]
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Cambridge University Press’ annual report shows the firm had a 42% surge in operating profit from £17.2m to £24.4m for the year to 30th April 2019. Continue reading at The Bookseller
[ The Bookseller | 2019-07-25 03:00:52 UTC ]
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Last month, the House of SpeakEasy book truck was on a mission: to spotlight community conversations around the literary arts throughout as much of the country as possible. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-07-12 04:00:00 UTC ]
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Last month, the House of SpeakEasy book truck was on a mission: to spotlight community conversations around the literary arts throughout as much of the country as possible. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-07-12 04:00:00 UTC ]
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In its arrangement with PRH India, Canada’s Wattpad will introduce some of the publisher’s writers to Wattpad readers, rather than generating content from the platform. By Porter Anderson, Editor-in-Chief | @Porter_Anderson Introducing Indian Writers to Wattpad Users eeping up its brisk rate of... Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2019-07-08 15:35:12 UTC ]
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American Booksellers Association CEO Oren Teicher addressed members at the organization's town hall and annual meeting at BookExpo, noting the ABA added 99 members last year and members increased profitability. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-05-30 04:00:00 UTC ]
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Stressing that Sourcebooks will retain its independence, Penguin Random House's 45-percent stake in the American publisher may mean new international reach. The post Sourcebooks and Penguin Random House in ‘Collaborative Partnership’ appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2019-05-23 01:30:12 UTC ]
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"Poetry to the People," a new program launched in collaboration with storytelling nonprofit Narrative 3, will bring the Book Truck to ten cities in ten days for book giveaways and promotion of literacy and literary organizations. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-05-21 04:00:00 UTC ]
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On Friday, May 31, from 9:30 to 10:30 a.m., join Random House Children's Books in the Librarians' Lounge (Booth 557) for an exclusive talk with some of the creators behind the publishers' inclusive new publishing program. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-05-14 04:00:00 UTC ]
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On Thursday, May 30, from 3:30 to 4:30 p.m., join Penguin Random House in the Librarians' Lounge (Booth 557) for a meet and greet with some of the publishers' hottest authors. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-05-14 04:00:00 UTC ]
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One of Spain's most prominent independent houses, Ediciones Salamandra brings some 500 authors to Penguin Random House Grupo Editorial. The post Penguin Random House Grupo Editorial Acquires Ediciones Salamandra appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2019-05-03 00:00:00 UTC ]
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Craig Popelars is joining Tin House Books as publishers June 1. His appointment is part of Tin House's plan to expand its book publishing program. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-04-30 00:00:00 UTC ]
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Amazon has recorded a record profit of $3.6billion, with its first quarter sales up 17% to $59.7billion. Continue reading at The Bookseller
[ The Bookseller | 2019-04-27 00:00:00 UTC ]
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Review of “Report on the Investigation Into Russian Interference in the 2016 Presidential Election” by Special Counsel Robert S. Mueller III Continue reading at The Washington Post
[ The Washington Post | 2019-04-19 20:30:51 UTC ]
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HarperCollins Publishers saw record profits before tax of £26.8m for the year ending 30th June 2018, almost double the 2017 figure, partly due to a monster The Lord of the Rings TV deal with Amazon. Continue reading at The Bookseller
[ The Bookseller | 2019-04-05 00:00:00 UTC ]
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Shaila Muñoz joins PRHGE with more than a decade working in the publishing industry, most recently at HarperCollins Christian Publishers. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-03-29 00:00:00 UTC ]
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Penguin Random House has acquired 30-year-old children's indie Little Tiger Group for an undisclosed sum. Continue reading at The Bookseller
[ The Bookseller | 2019-03-28 00:00:00 UTC ]
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