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 ]
Charlesbridge Publishing and Random House Publisher Services have announced a multiyear sales and distribution partnership, effective January 1, 2014. Continue reading at Publishers Weekly
[ Publishers Weekly | 2013-06-25 00:00:00 UTC ]
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The merger of Penguin and Random House is expected to close in July, creating—with sales of... Continue reading at The Bookseller
[ The Bookseller | 2013-06-21 00:00:00 UTC ]
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The Amazon-owned Book Depository made a pre-tax profit of more than £15m in 2012 after... Continue reading at The Bookseller
[ The Bookseller | 2013-06-13 00:00:00 UTC ]
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Deputy prime minister Nick Clegg visited the Random House offices on Vauxhall Bridge Road earlier... Continue reading at The Bookseller
[ The Bookseller | 2013-06-05 00:00:00 UTC ]
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The Penguin Random House merger could go ahead next month following its clearance without... Continue reading at The Bookseller
[ The Bookseller | 2013-06-03 00:00:00 UTC ]
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When Penguin and Random House merge, the company will publish half the trade books in the USA. How can the rest of the industry compete? And what will be the impact on Amazon? Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2013-05-31 00:00:00 UTC ]
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Former People by Douglas Smith, published by Macmillan, has won the inaugural £5,000... Continue reading at The Bookseller
[ The Bookseller | 2013-05-30 00:00:00 UTC ]
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A rare first edition of Harry Potter and the Philosopher's Stone with annotations and drawings by JK Rowling sells for a record £150,000. Continue reading at BBC News
[ BBC News | 2013-05-22 00:00:00 UTC ]
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Random House has won the Publisher of the Year accolade at the Bookseller Industry Awards 2013,... Continue reading at The Bookseller
[ The Bookseller | 2013-05-13 00:00:00 UTC ]
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Random House Publisher Services has announced a multi-year extension of its sales and distribution partnership with Quirk Books, which began in January 2011. Continue reading at Publishers Weekly
[ Publishers Weekly | 2013-04-30 00:00:00 UTC ]
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David Fickling is to leave Random House, where he is publisher at the David Fickling Books... Continue reading at The Bookseller
[ The Bookseller | 2013-04-29 00:00:00 UTC ]
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Random House has appointed ePubDirect to manage distribution of ebook assets and provide retail support for the UK, Australia, New Zealand, South Africa, and India. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2013-04-12 00:00:00 UTC ]
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Random House is launching a debut author with a new free-to-play online narrative game, Black... Continue reading at The Bookseller
[ The Bookseller | 2013-04-12 00:00:00 UTC ]
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The merger between Penguin and Random House has been approved by the EU. The European Commission... Continue reading at The Bookseller
[ The Bookseller | 2013-04-05 00:00:00 UTC ]
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Random House has recently updated its BookScout app that allow it to sync up with Facebook’s improved timeline and About page. Can it capitalize on Goodreads/Amazon discontent? Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2013-04-04 00:00:00 UTC ]
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World Book Night has had a record number of givers sign up, with more than 23,000 people... Continue reading at The Bookseller
[ The Bookseller | 2013-03-28 00:00:00 UTC ]
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Bertelsmann and Pearson are to win unconditional EU regulatory approval for the Random House/... Continue reading at The Bookseller
[ The Bookseller | 2013-03-27 00:00:00 UTC ]
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The Australian Competition and Consumer Commission has said it will approve the merger of Random... Continue reading at The Bookseller
[ The Bookseller | 2013-03-08 00:00:00 UTC ]
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The Penguin Random House merger has been given antitrust clearance by the US Department of... Continue reading at The Bookseller
[ The Bookseller | 2013-02-14 00:00:00 UTC ]
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Verso Books and Random House Publisher Services have agreed to partner, beginning July 1, 2013. RHPS will provide exclusive sales and distribution across all print and digital formats in North America for Verso's 80 titles per year. Continue reading at Publishers Weekly
[ Publishers Weekly | 2013-02-04 00:00:00 UTC ]
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