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 ]
Grisham, also a former top aide to Melania Trump, to publish memoir containing ‘surprising new scandals’ in October The former Trump White House press secretary Stephanie Grisham, also a former top aide to former first lady Melania Trump, will release a memoir in October. Related: ‘Bring it’:... Continue reading at The Guardian
[ The Guardian | 2021-09-09 19:11:26 UTC ]
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Catherine Belton's book Putin's People (William Collins) has been shortlisted for the £10,000 annual Pushkin House Russian Book Prize, awarded to "the best non-fiction writing in English on the Russian-speaking world". Continue reading at The Bookseller
[ The Bookseller | 2021-08-11 17:20:56 UTC ]
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HarperCollins has reported “record profits”, with global revenues growing 19% in the financial year ending 30th June 2021, according to figures from parent firm News Corp. Continue reading at The Bookseller
[ The Bookseller | 2021-08-06 19:17:08 UTC ]
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The Penguin Random House US staff is told in a memo that vaccinations will be required in offices reopening in September. The post Penguin Random House USA Sets September 13 to Start Reopening Offices appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2021-07-13 15:41:49 UTC ]
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People had questions about the Trump White House press secretary's upcoming book: "I assume that this is in the fiction section?" Continue reading at The Huffington Post
[ The Huffington Post | 2021-06-16 07:18:09 UTC ]
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Future’s share price soars as it says full-year results will be ‘materially ahead’ of expectationsCoronavirus – latest updatesSee all our coronavirus coverageFuture, the owner of magazines from Marie Claire to Metal Hammer and sites such as TechRadar and GoCompare, has reported record revenues... Continue reading at The Guardian
[ The Guardian | 2021-05-19 12:15:47 UTC ]
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“On the House” is an anecdote-rich memoir by the former speaker of the House that fails to give readers the whole picture. Continue reading at The New York Times
[ The New York Times | 2021-04-09 13:05:40 UTC ]
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We talk with John Cavalier, co-owner of Cavalier House Books in Denham Springs, La. He and his wife grew the store out of a shed in his parents’ backyard. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-03-12 05:00:00 UTC ]
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Bloomsbury has launched a platform to make it easier to purchase books from its popular categories. The move comes as the publisher reveals a shift in consumer reading choices throughout 2020 and 2021's lockdown periods. Continue reading at The Bookseller
[ The Bookseller | 2021-03-05 05:15:37 UTC ]
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Several organizations sent a letter to the Department of Justice on Friday urging it to stop Penguin Random House from purchasing Simon & Schuster. Continue reading at Los Angeles Times
[ Los Angeles Times | 2021-01-29 22:12:00 UTC ]
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Unit sales hit an all-time high at BookScan in 2020, which the service said could be attributed to a combination of strong sales of both print books and e-books. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-01-29 05:00:00 UTC ]
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The best-selling author just found out that her debut novel is soon to be on the first lady’s bedside table. Continue reading at The New York Times
[ The New York Times | 2021-01-28 10:00:04 UTC ]
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Penguin Random House has named David Drake, Scott Shannon, Kara Welsh, and Chris Jackson to new roles with expanded responsibilities, among others. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-01-14 05:00:00 UTC ]
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Jay-Z's entertainment company, Roc Nation, has created an imprint at Random House called Roc Lit 101. The new imprint will be overseen by Chris Jackson, publisher and editor-in-chief of One World, and Roc Nation's executive v-p Jana Fleishman. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-12-15 05:00:00 UTC ]
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For a while, Melania Trump has teased that she might write a book after the Trump family exits the White House. I, like many, had mixed feelings. On one hand, it’d be interesting to see the Trump administration from the point of the view of the famously sullen First Lady; but on the other hand,... Continue reading at Literrary Hub
[ Literrary Hub | 2020-12-10 18:18:04 UTC ]
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Penguin Random House Canada is splitting the Knopf Random House Canada publishing group into two different imprints: Knopf Canada and Random House Canada. Each imprint has new leadership and will operate independently. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-12-10 05:00:00 UTC ]
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CEO Kristin Cochrane retains Anne Collins while moving Martha Kanya-Forstner to lead Knopf Canada and bringing in Sue Kuruvilla for RH Canada. The post Year-End Changes: PRH Canada Separates Knopf and Random House appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2020-12-09 21:22:13 UTC ]
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Can Penguin Random House swallow Simon & Schuster while remaining good citizens? Continue reading at The Bookseller
[ The Bookseller | 2020-11-27 00:32:40 UTC ]
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ViacomCBS has announced plans to sell Simon & Schuster to publishing giant Penguin Random House LLC for a whopping $2.18 billion next year. Continue reading at Los Angeles Times
[ Los Angeles Times | 2020-11-25 21:02:17 UTC ]
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ViacomCBS agreed to sell the 96-year-old company in a deal that potentially creates a megapublisher. Continue reading at The New York Times
[ The New York Times | 2020-11-25 17:08:27 UTC ]
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