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 ]
News tagged with:
#22% stake
#$1bn
Looking to start a new manga this year? Here are some of the best new manga and light novels to pick up in 2021! Continue reading at Book Riot
[ Book Riot | 2021-07-13 10:35:00 UTC ]
More news stories like this | News stories tagged with:
#light novels
#manga
Katie Kitamura’s new novel follows an interpreter in The Hague who’s involved with a married man. Continue reading at The Washington Post
[ The Washington Post | 2021-07-13 05:17:24 UTC ]
More news stories like this | News stories tagged with:
#barack obama
#katie kitamura
The books we love coming out this week include new titles by Richard Zenith, Leigh Montville, and Debbie Macomber. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-07-09 04:00:00 UTC ]
More news stories like this |
The books we love coming out this week include new titles by Jessica Chiarella, Kristen Radtke, and Claire North. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-07-02 04:00:00 UTC ]
More news stories like this | News stories tagged with:
#kristen radtke
Teresa Lim’s multi-generational memoir about a long-buried family tragedy set against the Second World War in Singapore has gone to Penguin Michael Joseph. Continue reading at The Bookseller
[ The Bookseller | 2021-06-19 12:40:25 UTC ]
More news stories like this | News stories tagged with:
#family secrets
#world war
#memoir
The books we love coming out this week include new titles by Laura Lippman, Guy Delisle, and Kate Moore. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-06-18 04:00:00 UTC ]
More news stories like this | News stories tagged with:
#laura lippman
Nathan Harris sets his novel in Georgia during the murky twilight of the Civil War. Continue reading at The Washington Post
[ The Washington Post | 2021-06-15 07:08:15 UTC ]
More news stories like this | News stories tagged with:
#civil war
Book clubs are over the moon for Zakiya Dalila Harris's 'The Other Black Girl,' Oprah announces her latest pick, and more. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-06-14 04:00:00 UTC ]
More news stories like this | News stories tagged with:
#book clubs
#black girl
#latest pick
Last week, Meghan, Duchess of Sussex published her first children's book The Bench with Penguin Random House Children's. It picked up reviews from the Evening Standard, the Irish Times, the Telegraph, the Independent and the New York Times, making it one of the most reviewed new titles. Continue reading at The Bookseller
[ The Bookseller | 2021-06-13 20:19:26 UTC ]
More news stories like this | News stories tagged with:
#theevening standard
#theirish times
#random house
The books we love coming out this week include new titles by Leonardo Padura, Chris Offutt, and Scott Howard-Cooper. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-06-11 04:00:00 UTC ]
More news stories like this |
The books we love coming out this week include new titles by Mette Ivie Harrison, Terry Miles, and Jamie Ducharme. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-06-04 04:00:00 UTC ]
More news stories like this |
The books we love coming out this week include new titles by Karen Tucker, Paul Howarth, and Margalit Fox. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-05-28 04:00:00 UTC ]
More news stories like this | News stories tagged with:
#paul howarth
#margalit fox
Anticipated fall middle grade was the focus of this Editors' Picks panel, starring eight editors and moderated by PW reviewer Gnesis Villar. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-05-27 04:00:00 UTC ]
More news stories like this | News stories tagged with:
#picks panel
#book show
#middle grade
Kicking off the day of children’s editors' picks was a conversation between eight editors on forthcoming picture books moderated by 'PW' senior children’s reviews editor Amanda Bruns. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-05-27 04:00:00 UTC ]
More news stories like this | News stories tagged with:
#senior children
#book show
#picture books
The last PW Editors’ Picks panel, which closed out the U.S. Book Show on May 27, featured eight editors spotlighting big YA titles coming out this fall, and was moderated by 'PW' reviewer Sanina Clark. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-05-27 04:00:00 UTC ]
More news stories like this | News stories tagged with:
#picks panel
#book show
#young adult
Did you miss the Editors' Picks panels at the U.S. Book Show? Don't worry. You can check them all out here. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-05-26 04:00:00 UTC ]
More news stories like this | News stories tagged with:
#book show
#picks panels
Books on current affairs were in the spotlight when 'PW' reviews editor David Adams sat down with the editors of eight important fall titles. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-05-26 04:00:00 UTC ]
More news stories like this | News stories tagged with:
#pw editors
#book show
#current affairs
Sally Rooney, Lauren Groff, and Atticus Lish were among the authors whose upcoming works of literary fiction were highlighted during this Editors' Picks panel hosted by 'PW' reviews editor David Varno. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-05-26 04:00:00 UTC ]
More news stories like this | News stories tagged with:
#pw editors
#book show
#sally rooney
#lauren groff
#atticus lish
#upcoming works
#literary fiction
The first Editors' Picks panel at the U.S. Book Show was held the afternoon of May 25, with 'PW' comics reviews editor Meg Lemke hosting eight book editors to discuss upcoming titles. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-05-25 04:00:00 UTC ]
More news stories like this | News stories tagged with:
#pw editors
#picks panel
#book editors
#book show
Penguin Michael Joseph's Laura Nicol has been appointed head of campaigns at Ebury’s Smart Hub and will be making the move next month. Continue reading at The Bookseller
[ The Bookseller | 2021-05-25 00:30:55 UTC ]
More news stories like this | News stories tagged with:
#appointed head