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 ]
First rolled out during the 2018 US midterm elections, the 'Book the Vote' program offers voter information and political literature. The post PEN America, Penguin Random House Partner on ‘Book the Vote’ appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2020-10-12 23:41:35 UTC ]
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Terms of sale first enacted in March to help librarians during the Covid-19 crisis will now run through the end of the year. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-08-03 04:00:00 UTC ]
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The worldwide system of Penguin Random House, world's largest book publisher, has pulled out of London Book Fair amid the mounting COVID-19 outbreak. The post Coronavirus: Penguin Random House Pulls out of London Book Fair appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2020-03-03 16:18:52 UTC ]
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Outspoken soccer superstar Megan Rapinoe will offer her takes on sports and current events in a new book for the Penguin Press. Continue reading at Los Angeles Times
[ Los Angeles Times | 2019-07-25 19:10:34 UTC ]
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Penguin Random House is acquiring the book publishing assets of F+W Media, which include the Writer's Digest catalog. Communities to be auctioned separately June 13. The post Penguin Random House Buys F+W Media’s Books at Auction appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2019-06-07 16:05:51 UTC ]
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The division published best-selling books by Ta-Nehisi Coates, Trevor Noah and more. Its closing is the latest move by Penguin Random House to streamline operations. Continue reading at The New York Times
[ The New York Times | 2019-01-26 00:00:00 UTC ]
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Inception's Bookful app has the advantage of the beloved Beatrix Potter content and other Penguin Random House brands on which to base its first six digital books. The post Inception Announces Bookful, an AR Platform Licensing Penguin Random House Brands appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2018-11-07 00:00:00 UTC ]
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Gina Centrello, president and publisher of Random House, will oversee the merged publishing lines of Random House and the Crown Publishing Group. Continue reading at The New York Times
[ The New York Times | 2018-10-19 00:00:00 UTC ]
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Beginning October 1, 2018, PRH is moving from a perpetual access model (where libraries pay a higher price but retain access to the ebook forever) to a metered model (with lower prices on ebooks that expire after two years). Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-09-04 00:00:00 UTC ]
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A German author is taking Random House to court for declining to release his book Hostile Takeover: How Islam Hampers Progress and Threatens Society which it originally signed on the basis of a 10-page proposal. Continue reading at The Bookseller
[ The Bookseller | 2018-07-10 00:00:00 UTC ]
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Random House has acquired '#NeverAgain: A New Generation Draws the Line' by teen siblings David and Lauren Hogg, who survived the school shooting in Parkland, Fl. The book is set for a June 5 release. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-04-19 00:00:00 UTC ]
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Penguin Random House has purchased the trade book publishing assets of US wellness publisher Rodale Books from Hearst. Continue reading at The Bookseller
[ The Bookseller | 2018-01-11 00:00:00 UTC ]
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The head of Penguin Random House explains his belief that the global book business is doing better today than at any point in the last 50 years. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-10-15 00:00:00 UTC ]
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The Seattle-based house, which was named one of PW’s fast-growing independent publishers of 2016, was bought by Penguin Random House for an undisclosed sum. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-10-04 00:00:00 UTC ]
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The publisher won North American and audio rights, at auction, to ‘Happiness In This Life,’ a collection of Pope Francis’s short speeches and homilies, slated for publication in December. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-09-06 00:00:00 UTC ]
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Barack and Michelle Obama have signed with publishing house Penguin Random, for a record breaking sum. Continue reading at Stuff
[ Stuff | 2017-03-02 00:00:00 UTC ]
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Penguin Random House has won the auction for books from former President Barack Obama and former First Lady Michelle Obama. PRH acquired world publication rights for both books, to be written by President and Mrs. Obama respectively. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-03-01 00:00:00 UTC ]
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Former President Barack Obama and Michelle Obama in Washington last year. They plan to donate a portion of the advances for their books to charity. Continue reading at The New York Times
[ The New York Times | 2017-03-01 00:00:00 UTC ]
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Management have moved to reassure staff and writers that selling the 47% holding will not affect business, but authors and agents express uneaseAuthors and staff have reacted cautiously to news that Pearson is to sell its stake in Penguin Random House (PRH), the world’s biggest publisher and... Continue reading at The Guardian
[ The Guardian | 2017-01-18 00:00:00 UTC ]
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The publisher has a 20-point lead in market share over its closest competitor, HarperCollins. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-11-04 00:00:00 UTC ]
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