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 ]
Pinch of Nom by Kate Allinson and Kay Featherstone sold 210,000 copies in three days, toppling Jamie Oliver and Peter KayFrom cheesecake-stuffed strawberries to diet cola chicken, a collection of slimming recipes which started life as a food blog has toppled political tomes and celebrity memoirs... Continue reading at The Guardian
[ The Guardian | 2019-03-27 00:00:00 UTC ]
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A cookbook by the creators of the Pinch of Nom blog is the UK's fastest-selling non-fiction book. Continue reading at BBC News
[ BBC News | 2019-03-27 00:00:00 UTC ]
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Scandinavian media company Egmont, which owns children’s book specialist Egmont Publishing, has reported “record” revenue and profit growth for 2018. Continue reading at The Bookseller
[ The Bookseller | 2019-03-16 00:00:00 UTC ]
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Jieli’s publishing program, particularly that of its original titles, embraces realism. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-03-15 00:00:00 UTC ]
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Putting a new spin on ordinary stories—about annual festivals, childhood rituals, and traditional games and snacks, for instance—to appeal to a new generation of readers keeps the China Welfare Institute Publishing House (CWIPH) busy. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-03-15 00:00:00 UTC ]
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Last year, Anhui Children’s Publishing House (ACPH) published 449 new titles, 79% of which (or 355 titles) were original works. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-03-15 00:00:00 UTC ]
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Elsevier saw 2% underlying revenue growth in 2018, according to the latest annual financial results filed by parent company RELX, to a total of £2,538m. Continue reading at The Bookseller
[ The Bookseller | 2019-02-22 00:00:00 UTC ]
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A 36-hour “flash” auction has seen Century buy a grammar guide by Benjamin Dreyer, long-time Random House copy chief and editor. Continue reading at The Bookseller
[ The Bookseller | 2019-02-16 00:00:00 UTC ]
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Penguin Random House completed moving its Penguin staff members that had been working on Hudson St. to 1745 Broadway, where Random House has long had its headquarters, on January 2. PW talked with PRH US CEO Madeline McIntosh about the move. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-01-18 00:00:00 UTC ]
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Publisher says it hopes to help the #ReadtheOnePercent pop-up store in south London ‘smash its target’ of £30,000, which it is crowdfunding in order to become permanentPenguin Random House has pledged £15,000 to south London’s #ReadtheOnePercent bookshop, which only stocks children’s books with... Continue reading at The Guardian
[ The Guardian | 2018-12-19 00:00:00 UTC ]
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In his annual year-end letter to staff, Penguin Random House CEO Markus Dohle cited the success of 'Becoming', a long list of literary awards and best book citations, and the continued global growth of audiobook sales as 2018 highlights. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-12-13 00:00:00 UTC ]
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Two corporate leaders in international publishing, Penguin Random House and Ingram, are kicking off the 'season of giving' with support for book related charities. The post ‘Giving Tuesday’: Penguin Random House Supports Worldreader, Ingram Supports Binc appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2018-11-27 00:00:00 UTC ]
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Praising Frank Sambeth for 'his expertise in digital topics in particular,' Penguin Random House CEO Markus Dohel names Thomas Rathnow as Verlagsgruppe Random House's new chief. The post Industry Notes: Frank Sambeth Out at Verlagsgruppe Random House, Thomas Rathnow In appeared first on... Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2018-11-11 00:00:00 UTC ]
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PRH US has combined two of its adult publishing divisions, Random House and Crown, under the leadership of Gina Centrello, president and publisher of Random House (pictured). Crown president and publisher Maya Mavjee will leave the company at the end of the year. David Drake, executive vice... Continue reading at The Bookseller
[ The Bookseller | 2018-10-19 00:00:00 UTC ]
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In organizational and corporate changes this month, the International Publishers Association's elections refresh committees while Penguin Random House US repositions Crown Publishing. The post Industry Notes: IPA Election Results; McIntosh Combines Crown and Random House appeared first on... Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2018-10-19 00:00:00 UTC ]
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The Crown Publishing Group has joined the Random House Publishing Group in a newly-combined super group reporting to Gina Centrello, who has been named president and publisher. The imprints will retain their distinct editorial identities. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-10-18 00:00:00 UTC ]
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2018 is the year people wanted to read about politics. Barnes & Noble reported a 57% surge in sales of political books compared with last year. The sales spike was driven by books that have been selling like wildfire all year long, from Michael Wolff’s "Fire and Fury: Inside the Trump White... Continue reading at Los Angeles Times
[ Los Angeles Times | 2018-10-09 00:00:00 UTC ]
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What CEO Markus Dohle calls 'a natural extension and complement' to PRH's work in Southeast Asia, the new company will have a 50-title output at the start. The post Penguin Random House Opening Southeast Asian Operation Based in Singapore appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2018-10-08 00:00:00 UTC ]
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Penguin Random House (PRH) has four books on the longlist for this year’s William Hill Sports Book of the Year, which celebrates excellence in sports writing. Continue reading at The Bookseller
[ The Bookseller | 2018-09-20 00:00:00 UTC ]
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Bob Woodward's book Fear: Trump in the White House may not be in bookshops just yet, but with the book in high demand one million copies have been printed in advance. Continue reading at Stuff
[ Stuff | 2018-09-12 00:00:00 UTC ]
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