Penguin owner Bertelsmann will not appeal US judge’s ruling that merger would be illegal because it would hit authors’ payPenguin Random House, the world’s largest book publisher, and rival Simon & Schuster have scrapped a $2.2bn deal to merge, Penguin’s owner said in a statement on Monday.Bertelsmann, a German media group which owns Penguin, initially said it would appeal a US judge’s decision that said its purchase of Simon & Schuster would be illegal because it would hit authors’ pay. Continue reading... Continue reading at 'The Guardian'
[ The Guardian | 2022-11-21 22:41:38 UTC ]
Pearson’s 25% stake in Penguin Random House earned the company £65 million in operating profit in 2019. Pearson has sold its 25% share of PRH to Bertelsmann in a deal expected to generated net proceeds of $675 million when the transaction closes. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-02-21 05:00:00 UTC ]
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Simon & Schuster’s global revenues for 2019 fell 1% to $814m, with a 7% decline in operating income, parent firm ViacomCBS has said. Continue reading at The Bookseller
[ The Bookseller | 2020-02-20 22:25:14 UTC ]
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A tough fourth quarter where earnings were hurt by, among other factors, the tariffs on books manufactured in China contributed to a 7% drop in profits in 2019 at Simon & Schuster. Revenue in the year fell 1%. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-02-20 05:00:00 UTC ]
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Penguin Random House anticipates a full transition to green energy by 2022, writes Markus Dohle, well ahead of some of the new Bertelsmann guidelines. The post Bertelsmann and Penguin Random House: Climate Neutrality by 2030 appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2020-02-18 18:34:48 UTC ]
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Following the February 17 announcement by Penguin Random House parent company Bertelsmann that the conglomerate will be carbon neutral by 2030, PRH global CEO Markus Dohle sent a letter to employees outlining the publisher’s role in helping Bertelsmann achieve that target. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-02-18 05:00:00 UTC ]
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Bertelsmann is aiming to be climate neutral by 2030, taking its share of responsibility in the battle against climate change and global warming. Continue reading at The Bookseller
[ The Bookseller | 2020-02-16 23:22:53 UTC ]
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On a bookshelf alongside the dining-room table, I maintain a narcissistic shrine consisting of first-edition copies of my eight books. Four of them were published by Alice Mayhew, the legendary editor at Simon & Schuster who died earlier this week at the well-disguised age of 87. And those... Continue reading at Literrary Hub
[ Literrary Hub | 2020-02-06 00:28:27 UTC ]
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On a bookshelf alongside the dining-room table, I maintain a narcissistic shrine consisting of first-edition copies of my eight books. Four of them were published by Alice Mayhew, the legendary editor at Simon & Schuster who died earlier this week at the well-disguised age of 87. And those... Continue reading at Literrary Hub
[ Literrary Hub | 2020-02-06 00:28:27 UTC ]
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Because they have nothing to hide about anything, the White House has issued some kind of threat—according to CNN’s Jake Tapper—in a formal letter to former National Security Adviser John Bolton, whose forthcoming memoir from Simon & Schuster contains first-hand accounts of Donald Trump... Continue reading at Literrary Hub
[ Literrary Hub | 2020-01-29 17:43:05 UTC ]
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After beginning 2019 with 10 companies, the Publishers Weekly Stock Index was down to only eight members at the close of the year, losing Barnes & Noble and Simon & Schuster. The remaining companies saw their combined stock price decline by 9%. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-01-03 05:00:00 UTC ]
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This week on The Maris Review, Susan Orlean joins Maris Kreizman to discuss her latest book, The Library Book, now available in paperback from Simon & Schuster. On how fire has shaped California: Maris Kreizman: A chilling thing that I realized when we first talked about the book is that you... Continue reading at Literrary Hub
[ Literrary Hub | 2019-12-19 09:48:21 UTC ]
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Germany-based media and services company Bertelsmann says it will buy the 25% of publisher Penguin Random House that it doesn't already own for $675 million Continue reading at ABC News
[ ABC News | 2019-12-18 11:47:31 UTC ]
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The largest book event for publishers and authors in the Spanish-speaking world is burgeoning in size and value year after year. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-12-06 05:00:00 UTC ]
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Andy Ward has been named a new vice president and publisher at Random House. Formerly editor in chief, Ward moves into the spot long held by the beloved Susan Kamil, who died in September. Ward has edited the likes of David Mitchell, George Saunders, and Imbolo Mbue, and will see his role as... Continue reading at Literrary Hub
[ Literrary Hub | 2019-11-19 15:22:43 UTC ]
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Worldwide revenues at Simon & Schuster have dipped by 9% to $217m for the third quarter of 2019, from $240m for the same period last year, parent firm CBS has revealed. Continue reading at The Bookseller
[ The Bookseller | 2019-11-12 05:24:03 UTC ]
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Profits rose by $1 million at Simon & Schuster in the third quarter of 2019 over the comparable period in 2018, despite a 9% drop in sales. In last year's third quarter, Bob Woodward's 'Fear' drove strong sales for the publisher. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-11-12 05:00:00 UTC ]
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Penguin Random House's parent company Bertelsmann has expressed confidence it will meet its targets for the full year 2019, reporting a boost in group revenues for the first nine months of 3.3%. Continue reading at The Bookseller
[ The Bookseller | 2019-11-08 00:49:57 UTC ]
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Stop whatever it is you’re doing and pay attention to me because I have, just this morning, stumbled upon some joyous, and potentially game-changing, literary news: Val Kilmer is releasing a memoir. Yes, friends, according to Publishers Weekly, Simon & Schuster will publish I’m Your... Continue reading at Literrary Hub
[ Literrary Hub | 2019-10-25 16:13:04 UTC ]
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The S&S Selects PrePub Tour sends authors of books due out next season from Simon & Schuster’s five adult imprints across the country to schmooze with literary tastemakers around the country. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-10-18 04:00:00 UTC ]
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Simon & Schuster has promoted Julia Prosser to v-p and director of publicity of the S&S imprint. Prosser succeeds Cary Goldstein, who is leaving the publisher to become head of curation at media start-up WaitWhat. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-09-30 04:00:00 UTC ]
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