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 ]
Guinness World Records has reportedly claimed Scholastic is trying to "steal its business" with its Book of World Records and has filed court papers against the publisher. Continue reading at The Bookseller
[ The Bookseller | 2017-10-17 00:00:00 UTC ]
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Song of the summer and TV shows American Gods and 13 Reasons Why boost German media groupThe global success of 2017’s song of the summer, Despacito, together with sales of the TV series American Gods and the popularity of controversial book-turned-Netflix series 13 Reasons Why has helped drive... Continue reading at The Guardian
[ The Guardian | 2017-08-31 00:00:00 UTC ]
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Penguin Random House is the world’s leading trade book publisher, comprised of nearly 250 imprints and brands on five continents, with more than 15,000 new titles and 800 million print, audio and ebooks sold annually. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-08-25 00:00:00 UTC ]
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The screenings of "Harry Potter and the Philosopher’s Stone" at Durham Cathedral has broken all of the city’s book festival records with 1,500 tickets selling out in one day. Continue reading at The Bookseller
[ The Bookseller | 2017-08-24 00:00:00 UTC ]
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Pearson has agreed to sell 22% of its stake in Penguin Random House (PRH) to co-shareholder Bertelsmann, valuing the publisher at $3.55bn (£2.76bn). The deal means Bertelsmann will increase its control over the publisher, owning a 75% stake, while Pearson will own the remaining 25%. The deal is... Continue reading at The Bookseller
[ The Bookseller | 2017-07-11 00:00:00 UTC ]
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Penguin Random House this weekend took to the streets of central London to march in support of Pride, an annual event which this year marked 50 years since the decriminalisation of homosexuality in England. Continue reading at The Bookseller
[ The Bookseller | 2017-07-11 00:00:00 UTC ]
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Shares in the publishing firm rise after it says the sale will raise about $1bn (£776m). Continue reading at BBC News
[ BBC News | 2017-07-11 00:00:00 UTC ]
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Art historian and curator Rosalind Blakesley has won the fifth annual Pushkin House Russian book prize for her title The Russian Canvas: Painting in Imperial Russia, 1757-1881, published by Yale. Continue reading at The Bookseller
[ The Bookseller | 2017-06-10 00:00:00 UTC ]
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On Friday, June 2, from 2:30–4 p.m., stop by the PW BookExpo Librarians’ Lounge (Booth 875) for ice cream, and author talk, courtesy Penguin Random House library marketing team. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-05-25 00:00:00 UTC ]
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On Thursday, June 1, from 9–10:30 a.m., stop by the PW BookExpo Librarians’ Lounge (Booth 875) for coffee with some popular audiobook narrators, courtesy of Recorded Books. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-05-25 00:00:00 UTC ]
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Hay House UK has won the rights to publish Gabrielle Bernstein’s new book The Judgement Detox after a “heated” five-way auction. Continue reading at The Bookseller
[ The Bookseller | 2017-05-16 00:00:00 UTC ]
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The biggest of the Big Five widens its footprint in Spanish-language markets with the Ediciones B group, expanding PRH Grupo Editorial. The post Penguin Random House Grupo Editorial Is Acquiring Spain’s Ediciones B appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2017-04-07 00:00:00 UTC ]
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Author Tom Cox's new book 21st Century Yokel has become the fastest title to reach its funding target on Unbound in just seven hours. Continue reading at The Bookseller
[ The Bookseller | 2017-03-23 00:00:00 UTC ]
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With its 2016 sales accounting for at least 7.5% of the Chinese children’s book market, Zhejiang Juvenile & Children’s Publishing House is the indisputable #1 children’s publisher in the country, a position it has occupied for the past 14 years. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-03-17 00:00:00 UTC ]
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This year marked the 60th anniversary of Xinjiang Juvenile Publishing House, which is located in Xinjiang, a province that makes up one-sixth of China’s total land area and borders eight countries, including Afghanistan, India, Kazakhstan, and Russia. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-03-17 00:00:00 UTC ]
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With three offices in China and one in Lebanon, Anhui Children’s Publishing House adds about 800 new titles annually to its 15,000-title catalogue. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-03-17 00:00:00 UTC ]
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This 27-year-old publisher (“a veritable young man in the industry,” says editor-in-chief Bai Bing) is less concerned with generating more new titles than publishing quality content for children. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-03-17 00:00:00 UTC ]
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Established in 1952, Juvenile & Children’s Publishing House was China’s first professional children’s publisher and is part of the much larger Shanghai Century Publishing. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-03-17 00:00:00 UTC ]
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Striving to uphold its stated mission to be “a kid’s best friend,” Hunan Juvenile & Children’s Publishing House has been on a 35-year journey to assemble the best children’s materials from near and far. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-03-17 00:00:00 UTC ]
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A record breaking number of submissions has led to the highest ever number of regional shortlisted bookshops at the British Book Awards’ Independent Bookshop of the Year category, sponsored by Gardners Books. Continue reading at The Bookseller
[ The Bookseller | 2017-02-24 00:00:00 UTC ]
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