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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Picador has picked up the first novel in eight years from award-winning Irish author Keith Ridgway. Continue reading at The Bookseller
[ The Bookseller | 2020-08-24 11:52:26 UTC ]
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Pearson has appointed Andy Bird, most recently president and chairman of Walt Disney International, to be Pearson's new chief executive. He will start on 19th October, subject to shareholder approval, with outgoing boss John Fallon remaining in the role until that date. Continue reading at The Bookseller
[ The Bookseller | 2020-08-24 08:02:27 UTC ]
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This week, we highlight new books from Sherrill Grace, Hiroshi Osada, and Richard Kadrey. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-08-21 04:00:00 UTC ]
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Pearson pulled its BTEC results last night (19th August), the evening before they were to be released, saying it is regrading them in line with GCSEs and A-Levels. Continue reading at The Bookseller
[ The Bookseller | 2020-08-20 00:37:53 UTC ]
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This week, we highlight new books from Niko Vorobyov, Stanley Plumly, and Suzanne Park. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-08-14 04:00:00 UTC ]
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Penguin is to release a series of audio study guides to accompany key English literature A-level texts. Continue reading at The Bookseller
[ The Bookseller | 2020-08-11 19:08:23 UTC ]
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Penguin Random House is launching a new collection of audiobooks from the Penguin Classics list this September, featuring acting stars from "Noughts + Crosses", "Sex Education" and "His Dark Materials" as narrators. Continue reading at The Bookseller
[ The Bookseller | 2020-08-10 21:44:19 UTC ]
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Phew. I know, you were all waiting on us, right? Especially you, Oprah. Oprah definitely cares what we think. Well, good news everybody: the official position of Literary Hub is that Oprah’s latest book club pick, Isabel Wilkerson’s Caste, is a knockout choice. “Of all the books I’ve chosen for... Continue reading at Literrary Hub
[ Literrary Hub | 2020-08-06 12:49:57 UTC ]
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Penguin has announced a series of virtual, live events featuring guests including Zadie Smith, Yotam Ottolenghi, Caitlin Moran and Jeremiah Emmanuel. Continue reading at The Bookseller
[ The Bookseller | 2020-08-06 05:28:30 UTC ]
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Penguin is to relaunch its non-fiction Great Ideas series after a decade's hiatus, with a new selection of 20 pocket-sized titles, featuring bespoke cover designs. Continue reading at The Bookseller
[ The Bookseller | 2020-08-04 02:20:41 UTC ]
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Terms of sale first enacted in March to help librarians during the Covid-19 crisis will now run through the end of the year. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-08-03 04:00:00 UTC ]
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This week, we highlight new books from Elsa Hart, Hank Phillippi Ryan, and Karen Dionne. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-07-31 04:00:00 UTC ]
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Penguin is marking its 85th anniversary by selling a range of fine art prints from Charlie Mackesy, Dapo Adeloa and others, with all profits going to the National Literacy Trust. Continue reading at The Bookseller
[ The Bookseller | 2020-07-29 15:16:15 UTC ]
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Sci-fi preconceptions are challenged by little-known marvels from James Tiptree Jr, Angélica Gorodischer and othersThe border between science fiction and mainstream literature is more permeable than booksellers or publishers would have us think. Double Booker prize-winner Margaret Atwood’s... Continue reading at The Guardian
[ The Guardian | 2020-07-27 06:00:46 UTC ]
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Penguin Business will publish The Business Survival Kit by Byron Cole and Bianca Miller-Cole. Continue reading at The Bookseller
[ The Bookseller | 2020-07-26 12:02:42 UTC ]
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Pearson has reported revenue fell 17% in the first half of 2020 as the result of “significant disruption” caused by Covid-19. However, the company has said “things are improving”, citing better sales in June. Continue reading at The Bookseller
[ The Bookseller | 2020-07-24 08:05:58 UTC ]
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The Boston Book Festival has announced that a short story by Grace Talusan is the 10th annual selection for its One City One Story initiative. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-07-24 04:00:00 UTC ]
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Pick your favorite Babysitters Club character for each situation in this quiz and get a YA book recommendation to read after! Continue reading at Book Riot
[ Book Riot | 2020-07-22 10:31:34 UTC ]
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The program was first announced in March to encourage digital read-aloud sessions for libraries and schools forced to close by the novel coronavirus outbreak. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-07-20 04:00:00 UTC ]
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This week, we highlight new books from Colin Dickey, Fiona Davis, and Kristin Harmel. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-07-17 04:00:00 UTC ]
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