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 ]
The indie publisher, working with the Harvard Bookstore, will release a book of the farewell speeches of the former President and First Lady on March 28. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-02-23 00:00:00 UTC ]
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Chicken House has signed three more titles from Kiran Millwood Hargrave, author of The Girl of Ink & Stars. Continue reading at The Bookseller
[ The Bookseller | 2017-01-24 00:00:00 UTC ]
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The awards, first announced last year by the Penguin Random House Foundation, are an effort to support and recognize the work oflibrarians. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-01-20 00:00:00 UTC ]
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Pearson plans to sell its 47 percent stake in the publisher, which is home to John Grisham, “The Girl on the Train” and the “Game of Thrones” books. Continue reading at The New York Times
[ The New York Times | 2017-01-19 00:00:00 UTC ]
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Pearson intends to sell its 47% stake in Penguin Random House and will be issuing an "exit notice" to its joint venture partner Bertelsmann, which holds a majority 53% stake in the group. Bertelsmann has responded by saying it is "open" to increasing its share in the world’s biggest trade... Continue reading at The Bookseller
[ The Bookseller | 2017-01-18 00:00:00 UTC ]
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Joe Wicks has leapfrogged himself to claim the number one spot in the book chart for a third week running—this time with his debut Lean in 15 (Bluebird). Continue reading at The Bookseller
[ The Bookseller | 2017-01-18 00:00:00 UTC ]
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John Fallon has presided over a string of mishaps at the educational giant and a plunge in the share priceForecasting is difficult, especially about the future, as the old line goes – but is it quite as hard as John Fallon, chief executive of Pearson, makes it seem?Two errors in 2016 were... Continue reading at The Guardian
[ The Guardian | 2017-01-18 00:00:00 UTC ]
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Faced with worse-than-expected results in its North American higher education publishing business, Pearson said this morning that it is putting its 47% stake in Penguin Random House up for sale. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-01-18 00:00:00 UTC ]
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President Obama in the Oval Office during an interview with Michiko Kakutani on Friday. Continue reading at The New York Times
[ The New York Times | 2017-01-16 00:00:00 UTC ]
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It was perhaps the most riveting college football title game since the fabled USC-Texas tilt in the 2006 Rose Bowl, and yet Monday night's bruising Clemson-Alabama thriller failed to make a dent in the record books.Clemson's last-second (literally) come-from-behind victory over the Crimson Tide... Continue reading at Advertising Age
[ Advertising Age | 2017-01-11 00:00:00 UTC ]
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Following widespread outcry after the publisher announced it was ending its relationship with unions, fresh talks suggest a new agreement is in the offingIn what is being widely interpreted as a management climbdown, Penguin Random House, the world’s biggest publisher, has resumed talks with... Continue reading at The Guardian
[ The Guardian | 2016-12-21 00:00:00 UTC ]
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With only a few more shopping days until Christmas, German booksellers are happy with holiday book sales so far - and there might be greater things to come. The post Germany Expects Record Holiday Book Sales appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2016-12-21 00:00:00 UTC ]
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Open letter from writers including David Almond, Michael Rosen and Meg Rosoff calls on publisher to ‘reverse its decision to derecognise unions’Children’s authors David Almond, Michael Rosen and Meg Rosoff are among more than 140 writers, booksellers and librarians who have signed a letter... Continue reading at The Guardian
[ The Guardian | 2016-12-19 00:00:00 UTC ]
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Workers from Unite and NUJ fear move heralds industrial strife at company that publishes one in four books sold globallyPenguin Random House, the publisher of hits including The Girl on the Train, Fifty Shades of Grey and Jamie Oliver’s cookbooks, has terminated its collective agreement with... Continue reading at The Guardian
[ The Guardian | 2016-12-16 00:00:00 UTC ]
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Industry’s lack of diversity ‘is a real issue, and we have been slow’, says Tom Welson, launching a new scheme to attract under-represented communitiesThe chief executive of the UK’s largest publisher has warned that the books industry will “become irrelevant” if it continues to fail to reflect... Continue reading at The Guardian
[ The Guardian | 2016-10-10 00:00:00 UTC ]
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The Book People’s c.e.o Williams Wellesley said the retailer has “once again become profitable and successful” after its EBITDA increased by £4.3m in 2015. Continue reading at The Bookseller
[ The Bookseller | 2016-10-03 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 | 2016-08-26 00:00:00 UTC ]
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Tom MacIsaac took the helm of the audiobook publisher and distributor in late June, succeeding Rich Fresse. MacIsaac was CEO of Verve Mobile from 2010 to 2015, where he expanded the company's mobile and advertising capabilities. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-08-11 00:00:00 UTC ]
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Penguin Random House will be united under one roof, as Penguin is preparing to join Random House at its 1745 Broadway location in early 2019. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-08-09 00:00:00 UTC ]
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It's no surprise that book publishing giant Penguin Random House has plenty of success selling rights around the world. Here are their most recent highlights from the US and UK. The post What’s Selling: Global Rights Update from Penguin Random House appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2016-07-27 00:00:00 UTC ]
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