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 will publish the sequel to Jordan B Peterson's 12 Rules for Life (Generic, 2018) globally on 2nd March 2021. Continue reading at The Bookseller
[ The Bookseller | 2020-11-24 01:21:52 UTC ]
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Pearson has committed to tackling gender bias and stereotyping in education, unrolling "first of its kind" gender equality guidelines for the resources it produces. Continue reading at The Bookseller
[ The Bookseller | 2020-11-23 00:36:36 UTC ]
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Musing on books' resilience in the pandemic, Tom Weldon talks with Philip Jones; and Penguin Random House India partners with Pippa Rann. The post Industry Notes: Tom Weldon at FutureBook; Penguin Random House UK and India appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2020-11-19 18:15:54 UTC ]
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Pearson has created a new direct-to-consumer division, hiring senior talent from Warner Bros to help lead it. Continue reading at The Bookseller
[ The Bookseller | 2020-11-18 06:07:40 UTC ]
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Book club subscription gifts or boxes are a great choice to keep your book loving besties stocked with plenty of reading choices this winter. Continue reading at Book Riot
[ Book Riot | 2020-11-16 11:34:00 UTC ]
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Penguin Michael Joseph has bought two new books from Scandinavian crime author Ragnar Jónasson. Continue reading at The Bookseller
[ The Bookseller | 2020-11-13 08:34:28 UTC ]
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This week, we highlight new books from Kurt Vonnegut, Melissa Weller, and Jane Haddam. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-11-13 05:00:00 UTC ]
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Mirror Books has acquired the "tough and touching" story Living Our Best Lives: Cannon Hall Farm by the Nicholson family and Nicole Carmichael. Continue reading at The Bookseller
[ The Bookseller | 2020-11-11 13:20:33 UTC ]
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Penguin Life has bought a debut non-fiction book by yoga therapist and founder of True Yoga, Colin Dunsmuir, with a foreword by Cara Delevingne. Continue reading at The Bookseller
[ The Bookseller | 2020-11-09 18:19:01 UTC ]
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A number of independent and smaller publishers have revealed the titles they are backing to be a hit over Christmas, with myths prominent. Continue reading at The Bookseller
[ The Bookseller | 2020-11-09 03:25:45 UTC ]
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Intern’s Picks Andrzej Sapkowski The Last Wish Trans. Danusia Stok Sword of Destiny Trans. David French Orbit “And our destiny. It isn’t a fairy story, it’s real life. Lousy, evil, onerous . . . not sparing anyone, neither witchers, nor queens” (Sword... Continue reading at World Literature Today
[ World Literature Today | 2020-11-04 14:28:19 UTC ]
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Penguin Life has won a three-way auction for the debut non-fiction book from coach, therapist and founder of personal development programme The Bridge Retreat, Donna Lancaster. Continue reading at The Bookseller
[ The Bookseller | 2020-11-03 06:48:20 UTC ]
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This week, we highlight new books from Simon Read, Matthew Ward, and Valzhyna Mort. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-10-30 04:00:00 UTC ]
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Penguin Michael Joseph has pre-empted a book from author, editor and journalist Charlie Corbett, exploring mental health through the lens of 12 songbirds. Continue reading at The Bookseller
[ The Bookseller | 2020-10-26 15:34:25 UTC ]
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Lit in Colour, the publisher’s partnership with the Runnymede Trust, hopes to redress imbalances in English literature coursesThe book publisher Penguin Random House has teamed up with the thinktank the Runnymede Trust to boost diversity in reading lists in schools.The partnership – Lit in... Continue reading at The Guardian
[ The Guardian | 2020-10-24 16:11:09 UTC ]
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A Frisco startup is looking to cut through the noise of other social media apps and give digital content creators a way to reach more fans. TUBBR, an invite-only social network, announced landing Angel Funding from Global Ascent Partners that it plans to use for its upcoming beta launch.... Continue reading at Silicon Valley Business Journal
[ Silicon Valley Business Journal | 2020-10-24 12:00:00 UTC ]
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Adrienne Tang, longtime rights director with Kids Can Press, moves to Penguin Random House Canada to create 'an entirely new in-house rights operation,' says CEO Kristen Cochrane. The post Penguin Random House Canada: Adrienne Tang to Build In-House Rights Business appeared first on Publishing... Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2020-10-23 16:11:39 UTC ]
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This week, we highlight new books from Breece D’j Pancake, Neal Gabler, and Lindsay McKenna Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-10-23 04:00:00 UTC ]
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Among Bouchercon's top mystery writers this year were Hank Phillippi Ryan, winner of Best Novel for 'The Murder List' (Forge), and Tara Laskowski, whose 'One Night Gone' (Graydon House) was named Best First Novel. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-10-19 04:00:00 UTC ]
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Penguin Business has acquired an official book on British Army leadership, revealing to civilians key take-aways to become better leaders themselves. Continue reading at The Bookseller
[ The Bookseller | 2020-10-16 17:29:49 UTC ]
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