The education business sold nearly half its stake in the publisher to Bertelsmann, but much of the proceeds will be reinvestedPearson is still going to own a quarter of Penguin Random House, so it’s not too late to hope that it can learn to tell a story like it is. Please, drop this bland corporate talk about “rebasing” the dividend. The cut in the offering is from 52p to 17p a share, or thereabouts, which is too severe to dress in neutral language. Pearson’s status as an investment one might wish to own for income is about to be obliterated.The shame is that Pearson’s sale of a 22% stake in PRH has been secured on terms that look respectable, at least in circumstances where there was only one possible buyer – German media group Bertelsmann, which owns 53% to Pearson’s current 47%. Pearson will collect $1bn (£778m) in cash, via a combination of the sale of the stake and a dividend, in a transaction that values PRH at about seven times its top-line earnings. That valuation feels roughly right, which is why Pearson’s shares initially rose. Related: Pearson sells slice of Penguin for $1bn Continue reading... Continue reading at 'The Guardian'
[ The Guardian | 2017-07-12 00:00:00 UTC ]
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The books we love coming out this week include new titles by John Gleeson, Mieko Kawakami, and Jill Hopper. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-04-29 04:00:00 UTC ]
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The books we love coming out this week include new titles by Richard Cohen, Ben Shattuck, and Tove Ditlevsen. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-04-15 04:00:00 UTC ]
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Annie Hartnett's 'Unlikely Animals' lands on two lists, mythological retellings make a splash, and more in April's book club picks. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-04-13 04:00:00 UTC ]
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The books we love coming out this week include new titles by Melissa Chadburn, Lisa Hsiao Chen, and Séamas O’Reilly. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-04-08 04:00:00 UTC ]
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The books we love coming out this week include new titles by Lauren Rankin, Kate Folk, and Elizabeth Alexander. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-04-01 04:00:00 UTC ]
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The company, which was on a steady recovery path, was biggest faller on FTSE 100 on WednesdayShares in Pearson slumped by as much as 12% after Apollo said it would not make another bid for the educational publisher after having a third offer valuing the company at £7.2bn, including debt,... Continue reading at The Guardian
[ The Guardian | 2022-03-30 12:09:13 UTC ]
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The books we love coming out this week include new titles by John Lescroart, Andrew Mayne, and Avivah Gottlieb Zornberg. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-03-25 04:00:00 UTC ]
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Barnes & Noble, 'Good Morning America,' and other big clubs look toward the summer and believe in love in this month's book club picks. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-03-22 04:00:00 UTC ]
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The books we love coming out this week include new titles by John Elizabeth Stintz, Natalie Hodge, and Andre Henry. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-03-18 04:00:00 UTC ]
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Stocks that traded heavily or had substantial price changes Friday: DocuSign, Zumiez fall; Pfizer, Pearson rise Continue reading at ABC News
[ ABC News | 2022-03-11 21:18:01 UTC ]
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Market value increases by nearly £1bn as Apollo considers improved cash offer after £6.4bn deal rejectedPearson’s market value jumped by as much as a fifth after a US private equity group said it was considering making an improved cash offer after the educational publisher’s rejection of a... Continue reading at The Guardian
[ The Guardian | 2022-03-11 13:22:21 UTC ]
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Pearson up 21% in London after Apollo says mulling possible cash offer for group Continue reading at MarketWatch.com
[ MarketWatch.com | 2022-03-11 11:30:01 UTC ]
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The books we love coming out this week include new titles by Melissa Febos, Alex Segura, and John Scalzio. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-03-11 05:00:00 UTC ]
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The books we love coming out this week include new titles by Liz Scheier, Lisa Barr, and Sarah Krasnostei. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-02-25 05:00:00 UTC ]
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The books we love coming out this week include new titles by Daniel Pyne, Gal Beckerman, and Maja Lunde. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-02-11 05:00:00 UTC ]
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Reese Witherspoon recommends the mysterious and the macabre, Oprah points the way to 'The Way to Integrity,' and more in our monthly roundup of book club picks. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-02-10 05:00:00 UTC ]
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The books we love coming out this week include new titles by Tessa Hadley, Florence Williams, and Carl Phillips. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-01-28 05:00:00 UTC ]
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We look at the adult and children’s authors originally tapped by booksellers to appear at this year’s Winter Institute—although due to the cancellation of the in-person event, the panel will now be virtual. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-01-28 05:00:00 UTC ]
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