Pearson Earned £65 Million In Profits from Its PRH Stake in 2019

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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The Guardian view on the writing business: readers must ultimately benefit | Editorial

People want stories and that means cultivating a publishing ecosystem where big and small can flourishThis week both the UK’s Competition and Markets Authority and the Department of Justice in the US announced investigations into the planned $2.2bn acquisition of the publisher Simon &... Continue reading at The Guardian

[ The Guardian | 2021-03-28 17:25:47 UTC ]
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PRH Starts Extended Payment Plan for Indie Bookstores

Penguin Random House will allow independent bookstores in the United States to take an additional month to pay their invoices to the publisher, the company announced on Wednesday. Continue reading at Publishers Weekly

[ Publishers Weekly | 2021-03-24 04:00:00 UTC ]
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UK watchdog investigates Penguin owner’s Simon & Schuster takeover

CMA says it is considering whether Penguin Random House’s $2bn deal would lessen competitionAuthors fear the worst if Bertelsmann takes over Simon & SchusterThe UK competition watchdog has launched an investigation into Penguin Random House’s $2bn (£1.45bn) takeover of Simon & Schuster,... Continue reading at The Guardian

[ The Guardian | 2021-03-22 09:00:30 UTC ]
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CMA launches merger investigation into PRH and S&S deal

The UK's Competition and Markets Authority (CMA) has launched a merger investigation into Penguin Random House owner Bertelsmann's acquisition of Simon & Schuster. Continue reading at The Bookseller

[ The Bookseller | 2021-03-21 18:05:27 UTC ]
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Lolita, Fashion Icon

From LOLITA IN THE AFTERLIFE, edited by Jenny Minton Quigley. Reprinted by permission of Vintage Books, an imprint of the Knopf Doubleday Publishing Group, a division of Penguin Random House LLC. Essay copyright © 2021 by Robin Givhan. Compilation copyright © 2021 by Jenny Minton Quigley. The... Continue reading at Electric Literature

[ Electric Literature | 2021-03-17 11:00:00 UTC ]
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Pearson to retain office locations in Strand, Oxford and Harlow

Pearson has confirmed it will be keeping office locations at Oxford and Harlow, and at its headquarters at 80 Strand WC2, despite this week announcing a strategy of "significantly" reducing office space. Continue reading at The Bookseller

[ The Bookseller | 2021-03-12 23:30:26 UTC ]
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At a shameful detention camp, an improbable football team

Bradford Pearson uncovers the story of a Japanese American internment camp squad. Continue reading at The Washington Post

[ The Washington Post | 2021-03-05 13:00:00 UTC ]
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PRH Audio Debuts Voiceover Casting Platform, Ahab

Penguin Random House Audio has launched Ahab, a global online casting platform for voiceover actors in any business. The platform was originally developed as an internal tool for PRH's audiobook producers. Continue reading at Publishers Weekly

[ Publishers Weekly | 2021-03-04 05:00:00 UTC ]
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Pearson releases editorial guidelines to combat systemic racism

Pearson has released a series of editorial guidelines on ethnicity and race, aiming to help fight systemic racism in education. Continue reading at The Bookseller

[ The Bookseller | 2021-03-02 08:37:35 UTC ]
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PRH authors including Dawkins and Mackesy share reasons for hope

Penguin Random House UK is publishing a series of essays from its authors, including Richard Dawkins and Charlie Mackesy, offering reasons to feel hopeful about the months and years ahead. Continue reading at The Bookseller

[ The Bookseller | 2021-03-01 14:00:07 UTC ]
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What Happens When a Publisher Becomes a Megapublisher?

The merger of Penguin Random House and Simon & Schuster has the potential to touch every part of the industry, including how much authors get paid and how bookstores are run. Continue reading at The New York Times

[ The New York Times | 2021-02-25 10:00:22 UTC ]
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Some travellers at Toronto's Pearson airport fined for violating new hotel-quarantine rules

Several international travellers arriving at Toronto's Pearson airport have refused to comply with a new rule requiring a hotel quarantine of up to three days, local police said Wednesday. Continue reading at CBC

[ CBC | 2021-02-24 23:57:46 UTC ]
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A new Amor Towles novel is hitting shelves this October.

Literary pivot alert! Yesterday, Entertainment Weekly announced we’re getting a new novel from A Gentleman in Moscow and Rules of Civility author Amor Towles, out from Penguin Random House on October 5. Towles told EW that he “likes to mix it up,” and he has; while his previous novels centered... Continue reading at Literrary Hub

[ Literrary Hub | 2021-02-18 17:03:11 UTC ]
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We Need Diverse Books is partnering with Penguin Random House to establish a Black Creatives Fund.

Some good news: today, Publishers Weekly reported that We Need Diverse Books is partnering with Penguin Random House on a series of programs to get more books by Black writers published. The Black Creatives Fund initiative involves a “Revisions Workshop”; a mentoring program; and marketing... Continue reading at Literrary Hub

[ Literrary Hub | 2021-02-17 18:23:38 UTC ]
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WNDB Launches Black Creatives Fund

Operating under the Black Creatives Fund banner, We Need Diverse Books is partnering with Penguin Random House on a series of programs designed to get more books by Black writers published. Continue reading at Publishers Weekly

[ Publishers Weekly | 2021-02-17 05:00:00 UTC ]
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Karp outlines Simon & Schuster’s plans after succeeding Reidy as c.e.o.

Jonathan Karp, who took the helm at Simon & Schuster after the loss of its formidable former c.e.o. Carolyn Reidy, reveals how he intends to navigate the pandemic, a Penguin Random House takeover, and US politics Continue reading at The Bookseller

[ The Bookseller | 2021-02-11 15:06:22 UTC ]
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PRH UK to publish four from inauguration poet Amanda Gorman

Penguin Random House UK is to publish four books from Amanda Gorman, the youngest presidential inaugural poet in US history, including a special edition of “The Hill We Climb” which she read at Joe Biden's inauguration. Continue reading at The Bookseller

[ The Bookseller | 2021-02-08 03:19:06 UTC ]
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Authors Guild urges DOJ to stop Simon & Schuster and Penguin Random House merger

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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The information warriors fighting 'robot zombie army' of coronavirus sceptics

The Anti-Virus website takes on figures like Toby Young and Allison Pearson - and its creators think it has them on the runCoronavirus – latest updatesSee all our coronavirus coverageSometimes, Stuart Ritchie feels like he’s being pursued by an army of smiley faces. The lecturer at the Institute... Continue reading at The Guardian

[ The Guardian | 2021-01-25 07:00:08 UTC ]
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Bertelsmann gives Rabe five more years

Penguin Random House owner Bertelsmann has extended Thomas Rabe’s contract as chairman and c.e.o. for another five years. Continue reading at The Bookseller

[ The Bookseller | 2021-01-21 01:01:48 UTC ]
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