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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Penguin Random House amends its copyright rules to protect authors from AI

Artificial intelligence makers have faced a mountain of criticism for borrowing from the work of others to train its models. Now the world’s largest publishing house is taking steps to ensure its authors don’t have their work plagiarized in the name of progress. The Bookseller reports that... Continue reading at Engadget

[ Engadget | 2024-10-18 21:04:36 UTC ]
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Editorial: Swagger takes a back seat to competence and hard work at City Hall

At last, competency trumped loyalty.Mayor Eric Adams this week elevated Maria Torres-Springer — a deeply experienced public servant with allies in the business, real estate and nonprofit communities — to the number-two job at City Hall. The move elicited a collective sigh of relief that some... Continue reading at Crains New York

[ Crains New York | 2024-10-11 10:03:49 UTC ]
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‘My disability is the least interesting thing about me’: Actor Adam Pearson on fame, film and his sibling rivalry

Actor Adam Pearson feels disfigurement onscreen is often presented as a problem. He sees it very differently. He talks about karaoke in Croydon, rivalry with his twin, Oscar ambitions – and why his mum refuses to believe he’s famousAdam Pearson has a longstanding argument with his mother,... Continue reading at The Guardian

[ The Guardian | 2024-10-06 10:00:02 UTC ]
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Top Adams deputy Sheena Wright to step down: reports

First Deputy Mayor Sheena Wright is expected to leave Mayor Eric Adams’ administration, the New York Post and other outlets reported Friday, making her the highest-ranking City Hall official to depart in the wake of the mayor’s criminal indictment and the federal investigations that have... Continue reading at Crains New York

[ Crains New York | 2024-10-04 17:56:58 UTC ]
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Adams’ schools chancellor to leave months earlier than planned

New York City Schools Chancellor David Banks will step down on Oct. 16, months earlier than he had previously planned to, City Hall disclosed late Wednesday.The unexpected move may deepen questions about the reasons for Banks’ departure, which comes after his phones were seized by federal agents... Continue reading at Crains New York

[ Crains New York | 2024-10-03 13:14:57 UTC ]
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Adams projects confidence standing alone in City Hall

Eric Adams stood alone in City Hall on Tuesday and tried to project confidence in his imperiled mayoralty as he answered in-depth questions for the first time since his federal corruption indictment.Adams was not seated at a table surrounded by his usual phalanx of deputy mayors, and instead... Continue reading at Crains New York

[ Crains New York | 2024-10-01 19:47:39 UTC ]
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Embattled Adams aide Tim Pearson resigns after testing mayor’s loyalty

Tim Pearson, a powerful aide to Mayor Eric Adams who was embroiled in multiple scandals during a tumultuous tenure in City Hall, announced his resignation late Monday.Pearson, a former colleague of the mayor’s in the police department, wielded significant power over the NYPD and contracts... Continue reading at Crains New York

[ Crains New York | 2024-10-01 15:09:19 UTC ]
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Eric Adams grows legal team as defense costs mount

When Alex Spiro, an attorney for Mayor Eric Adams, filed a motion on Monday to dismiss the federal bribery charge against him, it was not the first time that one of the mayor’s lawyers had made such an argument. A different set of attorneys, from the firm WilmerHale, made many of the same claims... Continue reading at Crains New York

[ Crains New York | 2024-09-30 19:39:38 UTC ]
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$600 million will go to Ohio residents affected by the Norfolk Southern derailment 

Anyone who lived within 2 miles (3.2 kilometers) of the derailment can get up to $70,000 per household for property damage plus up to $25,000 per person for health problems. A federal judge on Wednesday approved a $600 million class-action settlement Wednesday that Norfolk Southern railroad... Continue reading at Fast Company

[ Fast Company | 2024-09-26 13:48:03 UTC ]
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Scotland’s Highland Book Prize Names Sally Huband Its Winner

Sally Huband’s ‘Sea Bean,’ set on the beaches of the Shetland Islands has won the Penguin Random House publication of her book. By Porter Anderson, Editor-in-Chief | @Porter_Anderson ‘A Readiness To Be Honest’ s we continue to try to catch up with a rip tide of announcements from various prize... Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2024-09-25 19:30:23 UTC ]
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Wishing Good Luck to Stuart Applebaum

About 100 friends and colleagues gathered at the Iris restaurant in Manhattan on September 20 to wish Stuart Applebaum, one of publishing’s preeminent publicists and dean of the industry’s corporate communications director ranks, both a happy birthday and good luck after he steps away from... Continue reading at Publishers Weekly

[ Publishers Weekly | 2024-09-23 04:00:00 UTC ]
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When I Work names Chip Pearson CEO

Chip Pearson, already a board member at When I Work, will step into the lead executive role after the company's former CEO left after less than two years. Continue reading at Silicon Valley Business Journal

[ Silicon Valley Business Journal | 2024-09-20 12:05:09 UTC ]
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Big Publishers Saw Earnings Rebound in the First Half of 2024

Cost cuts and higher sales led to rises in profits at HarperCollins, Lagardère Publishing, and Penguin Random House in the first half of this year. Continue reading at Publishers Weekly

[ Publishers Weekly | 2024-09-06 04:00:00 UTC ]
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Feds search homes of NYPD commissioner, mayor's aides

Federal agents searched the homes of multiple senior officials in Mayor Eric Adams’s administration, including Police Commissioner Edward Caban and Deputy Mayors Sheena Wright and Philip Banks, according to people familiar with the matter.Investigators also seized the phones of officials... Continue reading at Crains New York

[ Crains New York | 2024-09-05 21:07:45 UTC ]
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Scotland: PRH UK’s ‘Lit in Colour’ Book-Vending Machine

The diversity-led 'Lit in Colour' program at Penguin Random House UK places a vending machine at Scotland's Linlithgow Academy. The post Scotland: PRH UK’s ‘Lit in Colour’ Book-Vending Machine appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2024-08-28 20:01:47 UTC ]
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Sales, Earnings Rose at Penguin Random House in the First Half of 2024

A good performance by PRH US, higher audiobook sales, and contributions from recently acquired companies led to a 13% increase in profits on an 8.5% sales gain at the world's largest trade publisher. Continue reading at Publishers Weekly

[ Publishers Weekly | 2024-08-28 04:00:00 UTC ]
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Lawmakers assail Mastro as mayor's nomination appears in peril

City Council members signaled that they may reject Mayor Eric Adams’ pick to be the city’s top lawyer as they laid into the nominee, Randy Mastro, during a tense confirmation hearing on Tuesday that was ongoing as of midafternoon.Mastro, a prominent and accomplished attorney, faced hours of... Continue reading at Crains New York

[ Crains New York | 2024-08-27 20:06:54 UTC ]
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Prince Harry’s ‘Spare’ Comes Out in Paperback This October

Penguin Random House has announced the forthcoming paperback edition of the Duke of Sussex’s memoir, which will be released in the U.S. on October 22. Continue reading at Publishers Weekly

[ Publishers Weekly | 2024-08-26 04:00:00 UTC ]
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Nihar Malaviya Names Amanda D’Acierno To Lead PRH Audio Worldwide

Amanda D'Acierno is named as the global president of Penguin Random House Audio, after leading PRH audio in the US since 2008. The post Nihar Malaviya Names Amanda D’Acierno To Lead PRH Audio Worldwide appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2024-08-21 17:32:12 UTC ]
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Amanda D’Acierno Named Global President of PRH Audio

The longtime president and publisher of Penguin Random House Audio Group in the U.S. will join the company’s global executive committee and add its global audiobook program to her purview. Continue reading at Publishers Weekly

[ Publishers Weekly | 2024-08-21 04:00:00 UTC ]
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