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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Just because a kids' book focuses on gender identity doesn't mean it's a GOOD children's book about gender. Here's how to find the best ones. Continue reading at Book Riot
[ Book Riot | 2021-11-03 10:32:00 UTC ]
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The Biden administration’s rejection of the proposed $2.18 billion publishing merger reflects a changing atmosphere in Washington toward consolidation. Continue reading at The New York Times
[ The New York Times | 2021-11-02 21:41:37 UTC ]
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The Department of Justice sues to block the acquisition of Simon and Schuster from Penguin Random House. Continue reading at Book Riot
[ Book Riot | 2021-11-02 16:56:25 UTC ]
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Some tech analysts are a bit baffled by the move and, subsequently, the DOJ’s priorities. The Justice Department on Tuesday filed a lawsuit against publisher Penguin Random House that seeks to block its proposed merger with rival Simon & Schuster. It’s one of the Biden administration’s... Continue reading at Fast Company
[ Fast Company | 2021-11-02 14:35:22 UTC ]
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The Department of Justice has sued to block Penguin Random House’s proposed acquisition of Simon & Schuster, arguing that it "would result in substantial harm to authors." Lawyers for PRH said that they expect the case to go to trial sometime in 2022. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-11-02 04:00:00 UTC ]
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The books we love coming out this week include new titles by Melodie Winawer, Keith Ryan Cartwright, and Jeremy Dauber. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-10-29 04:00:00 UTC ]
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Amberley Publishing has landed a "comprehensive history" of the British Indian Army by Ravindra Rathee. Continue reading at The Bookseller
[ The Bookseller | 2021-10-28 01:55:21 UTC ]
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The History Press has landed an "enthralling account" of hidden war stories from Berlin-based university lecturer and cultural historian Joseph Pearson. Continue reading at The Bookseller
[ The Bookseller | 2021-10-27 16:49:43 UTC ]
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Amy Pearson is joining DK as global brand and communications director, succeeding Louise Brown when she leaves the company at the end of November. Continue reading at The Bookseller
[ The Bookseller | 2021-10-25 13:28:25 UTC ]
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The books we love coming out this week include new titles by Lee Child and Andrew Child, Dan Jones, and Gregory Zuckerman. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-10-22 04:00:00 UTC ]
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Scholastic has swooped on Welcome to St Hell, a "groundbreaking" YA memoir about being a trans teen, written and illustrated by influencer and filmmaker Lewis Hancox. Continue reading at The Bookseller
[ The Bookseller | 2021-10-18 19:31:24 UTC ]
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Barnes & Noble picks a gothic fantasy perfect for October, Oprah's Book Club gives Richard Powers's latest some love, Reese Witherspoon goes indie with her new pick, and more. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-10-12 04:00:00 UTC ]
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Penguin Random House Children’s has appointed David Sprei to the new role of commercial director for Penguin Ventures. Continue reading at The Bookseller
[ The Bookseller | 2021-10-11 17:43:56 UTC ]
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The time has come for school librarians and their allies to abandon their traditional advocacy toolkits and to act boldly to secure the future of the profession. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-10-08 04:00:00 UTC ]
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The books we love coming out this week include new titles by Lindsay Ellis, Gregory Galloway, and Mondiant Dogon. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-10-08 04:00:00 UTC ]
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Riverrun has acquired Claire Vaye Watkins’ I Love You But I’ve Chosen Darkness, a "subversive" novel narrated by a woman experiencing post-partum depression during a publicity tour which takes her back to the places of her childhood. Continue reading at The Bookseller
[ The Bookseller | 2021-10-05 15:19:05 UTC ]
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Nine Story Media Group has acquired a minority equity stake in Knights Of, becoming the inclusive publisher's first public investor. Continue reading at The Bookseller
[ The Bookseller | 2021-10-01 03:32:48 UTC ]
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The books we love coming out this week include new titles by Kate Bowler, Kristin Henning, and Thor Hanson. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-09-24 04:00:00 UTC ]
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Puffin has acquired a "heart-warming" debut picture book by writer and journalist Freddy McConnell, illustrated by Rosalind Beardshaw. Continue reading at The Bookseller
[ The Bookseller | 2021-09-23 19:01:01 UTC ]
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The books we love coming out this week include new titles by Amia Srinivasan, Javier Serena, and Helen Humphreys. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-09-17 04:00:00 UTC ]
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