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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From current affairs to comics and mysteries to middle grade, here are the big fall titles our reviews editors will be discussing with their editors at the inaugural U.S. Book Show from May 25 to 27. Mark your calendars! Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-05-14 04:00:00 UTC ]
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The Forest of Reading book festival in Ontario, where kids pick the winning authors, is more important than ever during the pandemic. Continue reading at The Christian Science Monitor
[ The Christian Science Monitor | 2021-05-13 18:23:27 UTC ]
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Roxane Gay picks Kaitlyn Greenidge's latest, Jenna Bush enters the 'Great Circle,' Barnes & Noble vibes with Chris Bohjalian, and more. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-05-12 04:00:00 UTC ]
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The books we love coming out this week include new titles by Edmund de Waal, Jake Tapper, and John Mullan. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-05-07 04:00:00 UTC ]
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Hera Books has acquired The Dedley End Mysteries, a new "cosy crime" series by Victoria Walters. Continue reading at The Bookseller
[ The Bookseller | 2021-05-03 20:44:59 UTC ]
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Steve McQueen’s ground-breaking anthology series dominates, with The Crown, Normal People and I Will Destroy You also in the runningSteve McQueen’s ground-breaking five-part series Small Axe has dominated the Bafta TV nominations with 15 nods, in a year when diverse talent was recognised across... Continue reading at The Guardian
[ The Guardian | 2021-04-28 08:14:13 UTC ]
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The books we love coming out this week include new titles by Charles Person, Elisa Shua Dusapin, and Joanne M. Harris. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-04-23 04:00:00 UTC ]
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The books we love coming out this week include new titles by Louis Menand, Jon Dunn, and Kristy Woodson Harvey. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-04-16 04:00:00 UTC ]
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These pick-a-path picture books include Choose Your Own Adventure titles, storybooks with multiple endings, and collaborative storytelling. Start with Where the Bugaboo Lives by Sean Taylor, illustrated by Neal Layton! Continue reading at Book Riot
[ Book Riot | 2021-04-09 10:33:00 UTC ]
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The books we love coming out this week include new titles by Kaoru Takamura, Charles Saumarez Smith, and Patry Francis. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-04-09 04:00:00 UTC ]
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This month's selections range from B&N's choice of 'The Five Wounds' by Kirstin Valdez Quade to Oprah's Book Club selection of Marilynne Robinson's 'Gilead' novels. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-04-09 04:00:00 UTC ]
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From the ‘The Madman’s Library’ and ‘The Best of R.A. Lafferty’ to ‘Dog-Eared’ and ‘The Cookie Chronicles’ Continue reading at The Washington Post
[ The Washington Post | 2021-04-07 13:00:00 UTC ]
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PW spoke with Luke Pearson, creator of the Hilda comics series and animated Netflix adaptation, and Sam Arthur, managing director at Nobrow, about the creative and business sides of adapting comics to the screen and how it can change a publisher's list. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-04-07 04:00:00 UTC ]
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The books we love coming out this week include new titles by Abby Jimenez, Jeff VanderMeer, and Paul Herron. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-04-02 04:00:00 UTC ]
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Sherlock Holmes or Nancy Drew? Cast your vote for literature's greatest crime solver. Continue reading at The Washington Post
[ The Washington Post | 2021-03-25 14:10:49 UTC ]
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Analysis: if Bertelsmann, owner of Penguin Random House, buys US publisher, writers expect smaller deals and less choice for readersUK watchdog investigates Penguin owner’s Simon & Schuster takeoverJokes circulated online when, in 2013, Penguin and Random House merged: would the new... Continue reading at The Guardian
[ The Guardian | 2021-03-22 23:24:23 UTC ]
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CMA says it is considering whether Penguin Random House’s $2bn deal would lessen competitionAuthors fear the worst if Bertelsmann takes over Simon & SchusterThe UK competition watchdog has launched an investigation into Penguin Random House’s $2bn (£1.45bn) takeover of Simon & Schuster,... Continue reading at The Guardian
[ The Guardian | 2021-03-22 09:00:30 UTC ]
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The books we love coming out this week include new titles by Timothy Brennan, Libby Hubscher, and Sergio Olguín. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-03-19 04:00:00 UTC ]
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Pearson has confirmed it will be keeping office locations at Oxford and Harlow, and at its headquarters at 80 Strand WC2, despite this week announcing a strategy of "significantly" reducing office space. Continue reading at The Bookseller
[ The Bookseller | 2021-03-12 23:30:26 UTC ]
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The books we love coming out this week include new titles from Gianrico Carofiglio, Sarah Ruden, and Kim Addonizio. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-03-12 05:00:00 UTC ]
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