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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This week, we highlight new books from Claire Saffitz, Bob Gruen, and Willie James Jennings. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-10-16 04:00:00 UTC ]
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In the absence of in-person book fair meetings, literary agents are hosting webinars to pitch titles at the 2020 Frankfurt Book Fair. The post Frankfurt Events: Riky Stock’s Agent Webinar Picks appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2020-10-14 23:08:52 UTC ]
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Vowing to address its own workforce demographics, Penguin Random House releases a Global Social Impact site on corporate responsibility. The post Penguin Random House’s Global Social Impact: Claire von Schilling appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2020-10-14 20:00:57 UTC ]
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First rolled out during the 2018 US midterm elections, the 'Book the Vote' program offers voter information and political literature. The post PEN America, Penguin Random House Partner on ‘Book the Vote’ appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2020-10-12 23:41:35 UTC ]
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Bärbel Becker’s selection of events at the 2020 Frankfurt Book Fair, ranging from rights presentations to book prize ceremonies and introductions to international literature. By Hannah Johnson | @hannahsjohnson Noteworthy Sessions in and Around the Trade Show ublishing Perspectives has asked... Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2020-10-12 02:08:45 UTC ]
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Publishing consultant Robert Baensch recommends academic publishing events to watch during the 2020 Frankfurter Buchmesse. The post Robert Baensch’s Frankfurt Event Picks: Academic and Education appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2020-10-09 22:23:54 UTC ]
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Hachette Children’s Group has acquired two middle-grade fiction titles by debut author Kate Gilby Smith, to be published on the Orion Children's Book imprint. Continue reading at The Bookseller
[ The Bookseller | 2020-10-02 10:02:53 UTC ]
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Independent publisher Angry Robot has acquired a third title from Cameron Johnston, The Maleficent Seven. Continue reading at The Bookseller
[ The Bookseller | 2020-10-02 08:15:56 UTC ]
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This week, we highlight new books from Anneliese Mackintosh, Deborah Baker., and Ruby Hamad. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-10-02 04:00:00 UTC ]
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Hachette Children’s Group will publish The Girls I’ve Been, a psychological YA thriller from US author Tess Sharpe. Continue reading at The Bookseller
[ The Bookseller | 2020-09-30 01:46:37 UTC ]
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The fact that these insightful, helpful and encouraging books are meeting such resistance is a distressing sign. Continue reading at The Washington Post
[ The Washington Post | 2020-09-28 12:00:00 UTC ]
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Former Disney chairman Andy Bird is to take up job at education publishing group in OctoberPearson has suffered a significant shareholder revolt against controversial changes to its remuneration policy, which will grant its new chief executive a multimillion-dollar pay package.Almost a third of... Continue reading at The Guardian
[ The Guardian | 2020-09-18 14:02:55 UTC ]
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Today’s Jewish child will find a bonanza of titles in upcoming months with stories of celebration, adventure, history, and mystery that highlight Jewish values. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-09-18 04:00:00 UTC ]
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This week, we highlight new books from Carl Rollyson, David Hajdu, and Bill Clegg. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-09-18 04:00:00 UTC ]
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Pick your favorite places, fashion, season, etc, and I'll match you with the perfect sapphic graphic novel for your aesthetic reading needs! Continue reading at Book Riot
[ Book Riot | 2020-09-16 10:34:00 UTC ]
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This week, we highlight new books from Alex Ross, Natasha Lester, and David Nasaw. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-09-11 04:00:00 UTC ]
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Daniel Crewe and Martina O'Sullivan are to take up new roles at Penguin General with the departure of publisher Venetia Butterfield, who will become m.d. of Cornerstone in January 2021. Continue reading at The Bookseller
[ The Bookseller | 2020-09-10 06:42:21 UTC ]
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The Publishers Association and Pearson are to sit in on the Creative Industries Advisory Group, to assist in steering "ongoing and upcoming trade negotiations" in the UK. Continue reading at The Bookseller
[ The Bookseller | 2020-09-01 06:08:05 UTC ]
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PRH Grupo Editorial gets translation rights to English-language titles from Wattpad Book, a world Spanish exclusive. The post Spain’s Penguin Random House Grupo Editorial and Canada’s Wattpad Strike Rights Deal appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2020-08-28 01:10:03 UTC ]
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Penguin Random House Children's UK has acquired two new books from Instagram parenting star Daisy Upton, known to her 180,000 followers as "Five Minute Mum". Continue reading at The Bookseller
[ The Bookseller | 2020-08-26 05:40:56 UTC ]
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