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 ]
With the success of movies like 'Guardians of the Galaxy,' and more ways to buy comics than ever before, the industry is growing rapidly. Continue reading at The Christian Science Monitor
[ The Christian Science Monitor | 2014-08-14 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#growing rapidly
Pearson said that it booked adjusted operating profit of 18 million pounds for its 47% stake in Penguin Random House compared to 28 million pounds in the first six months of 2013. Continue reading at Publishers Weekly
[ Publishers Weekly | 2014-07-25 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#47% stake
Just days ahead of Chicago Bookstore Day on July 12, California Bookstore Day, which inspired it, announced a new sponsor. Continue reading at Publishers Weekly
[ Publishers Weekly | 2014-07-10 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#days ahead
Random House’s international sales director Simon Littlewood is to leave the company... Continue reading at The Bookseller
[ The Bookseller | 2014-06-26 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#random house
Recorded Books Inc. has acquired HighBridge Audio, the audiobook imprint of Workman Publishing. Continue reading at Publishers Weekly
[ Publishers Weekly | 2014-05-05 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#recorded books
#workman publishing
Red Fortress: The Secret Heart of Russia's History by Catherine Merridale (Allen Lane) has... Continue reading at The Bookseller
[ The Bookseller | 2014-04-30 00:00:00 UTC ]
More news stories like this |
The Penguin Random House deal to absorb Santillana's trade lines has serious implications for the Spanish-book market, but the outlier in the deal is Brazil. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2014-03-21 00:00:00 UTC ]
More news stories like this |
The books on the shortlist for the Pushkin House Russian Book Prize 2014 cover a wide range of... Continue reading at The Bookseller
[ The Bookseller | 2014-03-06 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#wide range
Random House Business Books is to publish a book by former US Treasury Secretary Timothy Geithner... Continue reading at The Bookseller
[ The Bookseller | 2014-02-26 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#random house
Despite the controversy surrounding its publication of "The Hindus: An Alternative History," Penguin Random House said it remains committed to publishing in India. Continue reading at Publishers Weekly
[ Publishers Weekly | 2014-02-25 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#indian publishing
#controversy surrounding
#alternative history
The Telegraph Media Group made more than £60m last year, The Guardian can reveal. It is the third successive year that the company has managed to increase its operating profit.TMG is expected to report what amounts to a record figure formally in the spring when it files its accounts for the full... Continue reading at The Guardian
[ The Guardian | 2014-01-10 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#advertising revenues
Random House Enterprises is to launch its first interactive online creative writing course. The... Continue reading at The Bookseller
[ The Bookseller | 2014-01-08 00:00:00 UTC ]
More news stories like this |
In her year-end letter to employees, Simon & Schuster CEO Carolyn Reidy said that the publisher is on track to “deliver record profits, a healthy gain in revenues, and our best-ever margins.” Continue reading at Publishers Weekly
[ Publishers Weekly | 2013-12-23 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#record profits
#year-end letter
Random House Audio has signed an agreement with BBC Worldwide to sell and distribute the company... Continue reading at The Bookseller
[ The Bookseller | 2013-12-20 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#random house
#bbc worldwide
The suburban St. Louis bookstore ended its four-week Kickstarter campaign on Sunday, more than $2,000 above its goal. The funds raised are being used to build out a section of its new home so that the store can open for business on weekends before Christmas. Continue reading at Publishers Weekly
[ Publishers Weekly | 2013-12-09 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#suburban st
#funds raised
The Grinch campaign, also known as the 'Grow Your Heart 3 Sizes,' encourages children to do good deeds in exchange for book donations. Continue reading at The Christian Science Monitor
[ The Christian Science Monitor | 2013-11-30 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#random house
#encourages children
#book donations
Random House India has released the first Hindi ebook by any international publisher in the... Continue reading at The Bookseller
[ The Bookseller | 2013-11-27 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#international publisher
More than 40 schools have signed on to participate in new pen-pal literacy program in Austin, Tex., launched by BookPeople and Random House Children’s Books. Continue reading at Publishers Weekly
[ Publishers Weekly | 2013-11-26 00:00:00 UTC ]
More news stories like this |
It's beginning to look a lot like Grinch-mas at Random House Children's Books, which kicks off its Grow Your Heart 3 Sizes promotional campaign on December 1, the newly minted National Grinch Day. Continue reading at Publishers Weekly
[ Publishers Weekly | 2013-11-21 00:00:00 UTC ]
More news stories like this |
Random House has partnered with Pinterest to help users discover popular content. It pulls up a page that is a lot like browsing a table at a bookstore. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2013-11-19 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#random house