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
Our food writer found a cure for this never-ending winter in a 17-year-old cookbook that elevates the art of the slow braise. Continue reading at Wired
[ Wired | 2021-03-07 12:00:00 UTC ]
More news stories like this | News stories tagged with:
#book filled
#cookbook
The books we love coming out this week include new titles from J.T. Ellison, A.G. Slatter, and Jessica Zucker. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-03-05 05:00:00 UTC ]
More news stories like this |
Pearson has released a series of editorial guidelines on ethnicity and race, aiming to help fight systemic racism in education. Continue reading at The Bookseller
[ The Bookseller | 2021-03-02 08:37:35 UTC ]
More news stories like this | News stories tagged with:
#editorial guidelines
#pearson
Several international travellers arriving at Toronto's Pearson airport have refused to comply with a new rule requiring a hotel quarantine of up to three days, local police said Wednesday. Continue reading at CBC
[ CBC | 2021-02-24 23:57:46 UTC ]
More news stories like this | News stories tagged with:
#pearson airport
#pearson
In the early 1930s, a bookshop window would have displayed the pretty, pictorial dust jackets of the latest bestsellers, say Dashiell Hammett’s The Maltese Falcon and Pearl S. Buck’s The Good Earth. A compact wooden bookshelf stuffed with colorful paperbacks might also have commanded space and... Continue reading at Literrary Hub
[ Literrary Hub | 2021-02-22 09:49:47 UTC ]
More news stories like this | News stories tagged with:
#complete set
#early 1930s
#latest bestsellers
#bookshop
Some good news: today, Publishers Weekly reported that We Need Diverse Books is partnering with Penguin Random House on a series of programs to get more books by Black writers published. The Black Creatives Fund initiative involves a “Revisions Workshop”; a mentoring program; and marketing... Continue reading at Literrary Hub
[ Literrary Hub | 2021-02-17 18:23:38 UTC ]
More news stories like this | News stories tagged with:
#diverse books
#publishers weekly
#penguin random house
Why do some audiobooks have two versions with different or same narrator? Here’s what to do if undecided on picking an audiobook version. Continue reading at Book Riot
[ Book Riot | 2021-02-15 11:37:00 UTC ]
More news stories like this | News stories tagged with:
#audiobook version
#audiobook
The books we love coming out this week include new titles from Gayle Tzemach Lemmon, Kristy Cambron, and Betina González. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-02-12 05:00:00 UTC ]
More news stories like this |
The shortest month of any year in what has been the longest year in recent memory still has plenty for you to read. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-02-08 05:00:00 UTC ]
More news stories like this | News stories tagged with:
#recent memory
The Booksellers Association has named Open Water by Caleb Azumah Nelson (Viking) and Vi Spy: Licence to Chill by Maz Evans (Chicken House) as its books of the month for February. Continue reading at The Bookseller
[ The Bookseller | 2021-02-01 01:09:53 UTC ]
More news stories like this | News stories tagged with:
#booksellers association
Several organizations sent a letter to the Department of Justice on Friday urging it to stop Penguin Random House from purchasing Simon & Schuster. Continue reading at Los Angeles Times
[ Los Angeles Times | 2021-01-29 22:12:00 UTC ]
More news stories like this | News stories tagged with:
#penguin random house
This month, Reese Witherspoon and Emma Roberts's tastes overlap as Reese's Book Club and Belletrist pick the same novel. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-01-21 05:00:00 UTC ]
More news stories like this | News stories tagged with:
#reese witherspoon
#book club
Penguin Classics is launching a podcast series, "On The Road with Penguin Classics", intended inspire new readers to discover old titles. Continue reading at The Bookseller
[ The Bookseller | 2021-01-20 10:24:42 UTC ]
More news stories like this | News stories tagged with:
#podcast series
#penguin classics
Pearson has reported group sales fell 10% in 2020 in its January trading update, reflecting the continuing impact of Covid. Continue reading at The Bookseller
[ The Bookseller | 2021-01-19 21:27:03 UTC ]
More news stories like this | News stories tagged with:
#pearson
Hodder & Stoughton is publishing the first English-language biography of Silicon Valley investor and SoftBank c.e.o. Masayoshi Son in June. Continue reading at The Bookseller
[ The Bookseller | 2021-01-19 08:08:50 UTC ]
More news stories like this | News stories tagged with:
#hodder
The books we love coming out this week include new titles from Anders Roslund, Jessica Fellowes, and B.B. Alston. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-01-15 05:00:00 UTC ]
More news stories like this |
Patrick Nolan has been promoted to publisher of Penguin Books, among several other role changes at Penguin Random House imprint Viking Penguin. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-01-14 05:00:00 UTC ]
More news stories like this | News stories tagged with:
#penguin books
#penguin random house
Fourth Estate has picked up Hourglass, the “exquisite” debut novel from Keiran Goddard. Continue reading at The Bookseller
[ The Bookseller | 2021-01-13 22:27:32 UTC ]
More news stories like this | News stories tagged with:
#fourth estate
#debut novel
As hospitals struggle to cope, Macmillan’s work on cancer care is more vital than ever. Continue reading at Media Week
[ Media Week | 2021-01-13 15:06:20 UTC ]
More news stories like this | News stories tagged with:
#hard work
#macmillan
Black & White Publishing has acquired Estelle Maskame’s seventh YA novel, Becoming Mila, to be published on the 6th May 2021 as the first book in a two-part series. Continue reading at The Bookseller
[ The Bookseller | 2021-01-13 09:24:34 UTC ]
More news stories like this | News stories tagged with:
#two-part series