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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Is Pearson ready for March break? Go behind the scenes at Canada's busiest airport

With air travel rebounding as pandemic restrictions ease, Toronto’s Pearson International Airport is busier than ever — but it’s been a rocky restart with flight delays and cancellations, long lines and lost luggage. CBC News gets an inside look... Continue reading at CBC

[ CBC | 2023-03-10 09:00:00 UTC ]
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PRH Among New Investors in Rebel Girls

Rebel Girls, the media company whose mission is to instill confidence in girls, raised $8 million in a new funding round, with Penguin Random House its lead investor. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-03-06 05:00:00 UTC ]
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Penguin Random House’s Nihar Malaviya Announces Reorganization

Penguin Random House interim CEO Nihar Malaviya says that international division chiefs will continue to report to him. The post Penguin Random House’s Nihar Malaviya Announces Reorganization appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2023-02-28 17:11:50 UTC ]
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Pearson Airport to limit flights during peak hours ahead of March Break, summer travel season

Toronto's Pearson Airport will be placing a "hard limit" on the number of flights arriving or departing during peak times ahead of March Break and the upcoming summer travel season. Continue reading at CBC

[ CBC | 2023-02-28 16:22:46 UTC ]
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Random House, Crown Made Separate Groups in PRH US Reorg

The highlight of a new operating structure for Penguin Random House is the creation of separate Random House and Crown adult publishing groups. No replacement has been named for departing PRH US CEO Madeline McIntosh. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-02-28 00:00:00 UTC ]
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Simon & Schuster is Up for Sale Again

Months after a federal court ruling blocked the Penguin Random House deal, the publisher Simon & Schuster is once again up for sale. Continue reading at Book Riot

[ Book Riot | 2023-02-14 17:17:54 UTC ]
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Bertelsmann subsidiary to end, sell dozens of magazines

German media group RTL Deutschland says it will stop publishing almost two dozen print magazines and seek to sell a similar number Continue reading at ABC News

[ ABC News | 2023-02-07 13:23:50 UTC ]
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Penguin Random House Audio Acquires Playaway Products

Penguin Random House Audio has acquired Playaway Products, a producer of physical audio players and tablets preloaded with content. Launched in 2005 and based in Solon, Ohio, the company offers 36,000 titles and works with some 40,000 libraries and institutions. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-02-02 05:00:00 UTC ]
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Madeline McIntosh to Step Down as CEO of PRH US

About three weeks after Gina Centrello retired as president and publisher of the Random House Publishing Group, McIntosh announced that she will step down as CEO of Penguin Random House in the very near future. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-01-31 00:00:00 UTC ]
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Catholic sex-ed textbooks discontinued following accusations of 'homophobic,' 'transphobic' content

The Fully Alive textbook series has been used by Catholic school boards across the province for years. Now, Pearson Canada says it has stopped printing physical copies of the book and will stop supporting digital versions by March. Continue reading at CBC

[ CBC | 2023-01-11 10:00:00 UTC ]
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PW 2022 Notable: Florence Pan

In September, Florence Pan was confirmed as the newest judge on the U.S. District Court of Appeals for the District of Columbia Circuit. But before she could assume that new position, she became known in publishing circles as the judge who presided over the U.S. v. Bertelsmann SE & Co. KGAA... Continue reading at Publishers Weekly

[ Publishers Weekly | 2022-12-16 05:00:00 UTC ]
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Filmmaker says Canada's largest book publisher released memoir depicting her sexual assault as consensual

A filmmaker has accused Canadian writer Leah McLaren of sexual assault, saying that Penguin Random House Canada knowingly published a memoir by McLaren that depicts the alleged incident as consensual. Continue reading at CBC

[ CBC | 2022-12-09 19:13:28 UTC ]
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Penguin Random House CEO Markus Dohle is stepping down

The CEO of Penguin Random House, the world’s largest trade publisher, is stepping down Continue reading at ABC News

[ ABC News | 2022-12-09 13:58:45 UTC ]
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Markus Dohle Steps Down as Penguin Random House CEO

Penguin Random House CEO Markus Dohle has relinquished his position at the head of the publisher, “at his own request and on the best of mutual terms,” just weeks after a federal judge blocked the publisher’s attempt to acquire rival Big Five publisher Simon & Schuster. PRH president and... Continue reading at Publishers Weekly

[ Publishers Weekly | 2022-12-09 05:00:00 UTC ]
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Canadian journalist’s memoir accused of depicting sexual assault as consensual

Film-maker Zoe Greenberg says she raised concerns with Penguin Random House Canada over Leah McLaren’s bookA Canadian film-maker who was allegedly sexually assaulted as a teenager has accused the country’s largest book publisher of knowingly releasing a memoir by one of her alleged assailants... Continue reading at The Guardian

[ The Guardian | 2022-12-08 14:58:26 UTC ]
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Paramount CEO Says S&S Will Be Divested

At a UBS media conference earlier this week, Bob Bakish, CEO of Simon & Schuster parent company Paramount Global, said that with the sale to Penguin Random House now dead, the company still plans to divest the publisher, though he didn’t say how or when. Continue reading at Publishers Weekly

[ Publishers Weekly | 2022-12-07 05:00:00 UTC ]
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In Praise of the Worker-Owned Company (OR: What to Do About Simon and Schuster)

Well, Simon & Schuster is not going to be sold, for now. A federal judge ruled in October that Penguin Random House couldn’t buy the publisher, and since then, Simon & Schuster’s parent company has decided against mounting an appeal. That said, the future of America’s third-largest... Continue reading at Literrary Hub

[ Literrary Hub | 2022-11-29 09:53:56 UTC ]
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What Happens When Publishing Houses Merge?

In November 2020, Penguin Random House expressed interest to buy competitor Simon & Schuster. What are the impacts of mergers such as this? Continue reading at Book Riot

[ Book Riot | 2022-11-23 11:33:00 UTC ]
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Martin Sorrell-backed S4S Ventures, Bertelsmann invest $10M in data asset management outfit as it blends new content, analytics-based marketing for clients

The recent explosion in content has created the need not only for more sophisticated tools to manage it, but better ways to attach data and analytics to the content in order to better optimize it at the right time for the right opportunity. Continue reading at Digiday

[ Digiday | 2022-11-22 05:01:00 UTC ]
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Paramount scraps $2.2bn sale of Simon & Schuster publishing to Penguin

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... Continue reading at The Guardian

[ The Guardian | 2022-11-21 22:41:38 UTC ]
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