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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Penguin Books has pre-empted What Beauty There Is by Cory Anderson, a YA debut about "beauty, brutality and broken people trying to survive", branded "a masterpiece of a thriller". Continue reading at The Bookseller
[ The Bookseller | 2021-01-12 13:52:08 UTC ]
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The books we love coming out this week include new titles from C.M. Waggoner, Eley Williams, and Kwei Quartey. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-01-08 05:00:00 UTC ]
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CEO Bill Livek alludes to bigger, but debt-laden, rival Nielsen with analogy to how Netflix overtook Blockbuster. Continue reading at Advertising Age
[ Advertising Age | 2021-01-08 00:41:20 UTC ]
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Independent publisher Child's Play will publish two more picture books by Romani author Richard O’Neill, as part of his Romani Tales series. Continue reading at The Bookseller
[ The Bookseller | 2021-01-06 20:26:51 UTC ]
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Angry Robot has acquired its first novella collection from Hugo Award-winning American author Tim Pratt after seeing the author's Kickstarter campaign for the project. Continue reading at The Bookseller
[ The Bookseller | 2021-01-05 22:12:51 UTC ]
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The Booksellers Association has named The Marlow Murder Club by Robert Thorogood (HQ) as its first Fiction Book of the Month for 2021. Continue reading at The Bookseller
[ The Bookseller | 2021-01-04 20:03:32 UTC ]
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Souvenir Press will publish The Family Firm: A Data-Driven Guide to Better Decision Making in the Early School Years by Emily Oster. Continue reading at The Bookseller
[ The Bookseller | 2020-12-21 19:56:26 UTC ]
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Penguin Books is releasing Black Joy for young adult readers, a collection of writing on race and belonging curated by gal-dem editor-in-chief Charlie Brinkhurst-Cuff. Continue reading at The Bookseller
[ The Bookseller | 2020-12-21 06:53:18 UTC ]
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Assallah Tahir is joining Simon & Schuster UK as commissioning editor in the Adult Non-fiction department next year. Continue reading at The Bookseller
[ The Bookseller | 2020-12-09 17:19:12 UTC ]
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Welcome to Ad Age’s Wake-Up Call, our daily roundup of advertising, marketing, media and digital news. If you're reading this online or in a forwarded email, here's the link to sign up for our Wake-Up Call newsletters.In the cards Financial giant Visa picked Wieden+Kennedy as its new creative... Continue reading at Advertising Age
[ Advertising Age | 2020-12-04 11:04:31 UTC ]
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Penguin Michael Joseph has acquired two more novels from Mary Beth Keane, author of Ask Again, Yes (Penguin, 2020). Continue reading at The Bookseller
[ The Bookseller | 2020-12-03 08:28:59 UTC ]
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Missing the recommendations of your favorite independent booksellers? Let a bookseller choose your next read through these subscription boxes. Continue reading at Book Riot
[ Book Riot | 2020-12-02 11:38:00 UTC ]
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This hasn’t been an easy year for sustained, careful reading. But you know what doesn’t take any attention at all? Judging a book by its cover! That’s why we’re doing our first ever “best book cover of the year” tournament—and we want you to weigh in. Vote for your favorites on Electric... Continue reading at Electric Literature
[ Electric Literature | 2020-11-30 12:00:30 UTC ]
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Can Penguin Random House swallow Simon & Schuster while remaining good citizens? Continue reading at The Bookseller
[ The Bookseller | 2020-11-27 00:32:40 UTC ]
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ViacomCBS has announced plans to sell Simon & Schuster to publishing giant Penguin Random House LLC for a whopping $2.18 billion next year. Continue reading at Los Angeles Times
[ Los Angeles Times | 2020-11-25 21:02:17 UTC ]
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German media giant Bertelsmann says that its Penguin Random House division is buying rival Simon & Schuster Continue reading at ABC News
[ ABC News | 2020-11-25 20:24:15 UTC ]
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ViacomCBS agreed to sell the 96-year-old company in a deal that potentially creates a megapublisher. Continue reading at The New York Times
[ The New York Times | 2020-11-25 17:08:27 UTC ]
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Penguin Random House acquires Simon and Schuster, creating the largest megapublisher in the United States. Continue reading at Book Riot
[ Book Riot | 2020-11-25 15:00:18 UTC ]
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For book lovers, the announcement may feel like background noise, but the ramifications are huge. Continue reading at The Washington Post
[ The Washington Post | 2020-11-25 12:57:10 UTC ]
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Ebury Press will publish Ali Millar's debut memoir The Last Days, which will recount the author’s experience growing up as part of the Jehovah’s Witnesses. Continue reading at The Bookseller
[ The Bookseller | 2020-11-25 07:36:54 UTC ]
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