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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Nihar Malaviya Officially Named CEO of Penguin Random House

Malaviya, who was named interim head of the global operations of Penguin Random House following the departure of Markus Dohle at the end of 2022, has officially been named CEO of the world's largest trade publisher. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-09-18 04:00:00 UTC ]
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Four large US publishers sue ‘shadow library’ for alleged copyright infringement

The publishers are claiming unspecified damages from the file-sharing Library Genesis, which they say has distributed files illegallyFour leading US publishers have sued an online “shadow library” that allows visitors to download textbooks and other copyrighted materials free.Cengage, Macmillan... Continue reading at The Guardian

[ The Guardian | 2023-09-15 16:55:19 UTC ]
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PRH Updates Hybrid Work Policy, Plans to Shrink Headquarters

Penguin Random House will "encourage employees to go to the office more frequently" without mandating company-wide in-person attendance. The publisher will also "change" its current office space and "reduce our footprint at 1745 Broadway" beginning this fall. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-09-12 04:00:00 UTC ]
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“Vessels of Yearning”: A Conversation with Nishanth Injam, by Renee H. Shea

“Vessels of Yearning”: A Conversation with Nishanth Injam, by Renee H. Shea Interviews [email protected] Fri, 09/08/2023 - 14:14 Born and raised in Khammam, a small town in the state of Telangana, India, Nishanth Injam published The Best Possible... Continue reading at World Literature Today

[ World Literature Today | 2023-09-08 19:14:01 UTC ]
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Knopf Doubleday Puts Anchor on the Back Shelf as Suzanne Herz Takes a Buyout

Vintage/Anchor publisher Suzanne Herz will leave Penguin Random House in December. Anchor Books will gradually be phased out, starting with its hardcover program next January, with its 16,000-strong paperback backlist slated to move over to Vintage over time. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-09-07 04:00:00 UTC ]
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PRH: 9-Percent International Revenue Gains, January-June

Between January 1 and June 30, Penguin Random House saw its international revenues rise by 9 percent year over year, to €2.1 billion. The post PRH: 9-Percent International Revenue Gains, January-June appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2023-08-30 13:08:32 UTC ]
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After Six Turbulent Months, Penguin Random House Profits Increase Slightly

Despite a tumultuous first half of 2023 that included major buyouts and some layoffs, sales at Penguin Random House rose 9.5% in the first six months of 2023 over the comparable period in 2022. Operating earnings increased slightly, by €1 million. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-08-30 04:00:00 UTC ]
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Stan Grant accuses the Australian newspaper of acting like a ‘racist hit squad’

Exclusive: prominent Indigenous journalist, who recently left the ABC, says he is being targeted by News Corp paper which ran story about a ‘bullying’ incidentFollow our Australia news live blog for latest updatesGet our morning and afternoon news emails, free app or daily news podcastStan Grant... Continue reading at The Guardian

[ The Guardian | 2023-08-29 07:37:04 UTC ]
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Russian firm escalates dispute with Canada over seized cargo plane

Volga-Dnepr Airlines served notice Monday of its intent to initiate a formal dispute with the Canadian government over Ottawa's seizure of an Antonov-124 cargo plane that's been parked at Pearson airport ever since Russia launched its full-scale... Continue reading at CBC

[ CBC | 2023-08-18 08:00:00 UTC ]
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Markus Dohle, Ethan Mollick to Keynote AI Webinar

Former Penguin Random House CEO Markus Dohle and Ethan Mollick, associate professor at the Wharton School and author of the newsletter 'One Useful Thing,' will present keynote addresses at PW’s Artificial Intelligence: Revolution and Opportunity in Trade Publishing webinar on September 27. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-08-11 04:00:00 UTC ]
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Simon & Schuster CEO says there's no need to be 'nervous' about new owner KKR

Paramount announced Monday that it's selling the storied publisher for $1.62 billion, months after a sale to Penguin Random House was blocked by a federal judge. Continue reading at Los Angeles Times

[ Los Angeles Times | 2023-08-07 21:27:31 UTC ]
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Simon & Schuster sold to private equity firm KKR for $1.62bn

Paramount Global has sold the publisher after a federal judge blocked rival Penguin Random House from buying itSimon & Schuster has been sold to the private equity firm KKR, months after a federal judge blocked its purchase by rival publisher Penguin Random House because of concerns that... Continue reading at The Guardian

[ The Guardian | 2023-08-07 21:05:30 UTC ]
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U.A.E.'s Kalimat Group Partners with PRH India

The U.A.E.'s Kalimat Group and Penguin Random House India have entered into a partnership to translate books from Arabic to English and English into Arabic, for global distribution. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-08-01 04:00:00 UTC ]
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Rachel Goldstein to Oversee PRHPS as Executive V-P

Rachel Goldstein has been promoted to executive v-p at Penguin Random House Publisher Services, the publisher's distribution arm, which services more than 50 publishers. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-08-01 04:00:00 UTC ]
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A PRH-Kalimat Partnership: South and Southeast Asian, Arabic, English

Leveraging a translation-exchange model, Kalimat Group and Penguin Random House India and Southeast Asia open a partnership. The post A PRH-Kalimat Partnership: South and Southeast Asian, Arabic, English appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2023-07-31 16:57:00 UTC ]
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Secrets Live Inside My Son’s Ears

The Oracle by Joanna Pearson You name it, Lola’s found it in someone’s ear. A green Skittle, a watch battery, the tarnished back of a gold earring, a bunched-up bit of mint floss, a Lego head. Insects—yes, of course. Roaches of various sizes, a wasp, a small beetle. Hardened ear wax (cerumen,... Continue reading at Electric Literature

[ Electric Literature | 2023-07-31 11:05:00 UTC ]
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At Frankfurt: PRH’s Nihar Malaviya Headlines Publishing Perspectives Forum

The 2023 Publishing Perspectives Forum opens on October 18 with an onstage conversation with Penguin Random House CEO Nihar Malaviya. The post At Frankfurt: PRH’s Nihar Malaviya Headlines Publishing Perspectives Forum appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2023-07-27 14:15:46 UTC ]
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Actions of bystanders — including kids — saved 3-year-old from drowning in B.C. lake, police say

Chris Pearson told CBC News he was on his boat in the East Kootenay with his friend Jason when their kids came running over to tell them a little girl was floating in the waters of Wasa Lake. Continue reading at CBC

[ CBC | 2023-07-26 23:27:15 UTC ]
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Finding Her #ownvoice: A Conversation with Ivy Ngeow, by Susan Blumberg-Kason

Finding Her #ownvoice: A Conversation with Ivy Ngeow, by Susan Blumberg-Kason Interviews [email protected] Tue, 07/18/2023 - 15:46 Ivy Ngeow grew up in Johor Bahru, Malaysia, and now makes her home in London. An architect and interior designer by... Continue reading at World Literature Today

[ World Literature Today | 2023-07-18 20:46:55 UTC ]
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Layoffs Begin at Penguin Random House as Buyout Departures Come into Focus

Names of some employees who have accepted the publisher's "voluntary separation offer" are beginning to come out—even as a letter from Penguin Random House CEO Nihar Malaviya confirmed that long-rumored layoffs have become a reality. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-07-18 04:00:00 UTC ]
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