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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We asked 16 authors to pick their favorite books about mother-child relationships. Continue reading at The Washington Post
[ The Washington Post | 2020-05-06 07:46:44 UTC ]
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Macmillan Children’s Books has appointed Egmont's Nicole Pearson and Little Tiger's Barry Timms to new publishing director roles in its expanding Preschool, Brands and Classics division. Continue reading at The Bookseller
[ The Bookseller | 2020-05-05 14:15:14 UTC ]
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This week, we highlight new books from Jeffrey Deaver, Rumi Hara, and Charlie Kaufman. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-05-04 04:00:00 UTC ]
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This week, we highlight new books from Nina Renata Aron, Brett Cyrgalis, and Karen Tei Yamashita. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-04-27 04:00:00 UTC ]
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Penguin Random House has launched a collaboration with charity Speakers for Schools delivering a series of virtual educational events from its authors, streaming to thousands of students across the UK. Continue reading at The Bookseller
[ The Bookseller | 2020-04-23 20:41:22 UTC ]
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Pearson has reported it will pay its final dividend for 2019 to investors and is not furloughing any staff, despite a 5% fall in global revenues for the first quarter as a result of Covid-19. Continue reading at The Bookseller
[ The Bookseller | 2020-04-23 16:58:47 UTC ]
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The Penguin Podcast is moving from a bi-weekly edition to weekly for the next three months in response to the Covid-19 lockdown. Continue reading at The Bookseller
[ The Bookseller | 2020-04-22 07:58:20 UTC ]
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This week, we highlight new books from Thomas Wolf, Sami Tamimi, and Elizabeth Marshall Thomas. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-04-20 04:00:00 UTC ]
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Penguin is publishing a series of essays from a number of its leading authors, offering their response to Covid-19. Continue reading at The Bookseller
[ The Bookseller | 2020-04-20 02:32:56 UTC ]
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Taylor & Francis owner Informa says it expects to raise £1bn through its emergency share offer, adding that its placement yesterday (16th April) was oversubscribed within two hours. Continue reading at The Bookseller
[ The Bookseller | 2020-04-17 00:30:53 UTC ]
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This week, we highlight new books from Marcia Clark, Molly Tanzer, and Camilla Bruce. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-04-13 04:00:00 UTC ]
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Long before Tinder, there was Jane Austen, warning your dates and their families that you looked nothing like your picture: in this instance, her subject was Mary Pearson, a portrait of whom has recently been discovered and acquired by Jane Austen’s House museum. Pearson, who likely inspired... Continue reading at Literrary Hub
[ Literrary Hub | 2020-04-07 15:55:45 UTC ]
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On today’s CBS This Morning, Oprah Winfrey announced her April book club selection: Robert Kolker’s Hidden Valley Road: Inside the Mind of an American Family. Kolker book is a work of narrative nonfiction—with elements of biography, reportage, and scientific investigation—about the life of a... Continue reading at Literrary Hub
[ Literrary Hub | 2020-04-07 14:36:54 UTC ]
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Bertelsmann has formally completed the full acquisition of Penguin Random House, following the sale of Pearson's remaining 25% stake for $675m (£530m). Continue reading at The Bookseller
[ The Bookseller | 2020-04-01 12:09:24 UTC ]
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This week, we highlight new books from David Carr, Kathryn Scanlan, and Victoria Chang. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-03-30 04:00:00 UTC ]
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All the variations you could ever want of those iconic orange and white Penguin book covers on your favorite medium: mugs. Duh! Continue reading at Book Riot
[ Book Riot | 2020-03-23 10:35:49 UTC ]
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This week, we highlight new books from Bart D. Ehrman, Michelle Major and Joseph O’Connor. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-03-23 04:00:00 UTC ]
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Pearson has warned its profits will be hit, and paused its share buyback, after the Covid-19 pandemic closed testing centres and saw US state assessments postponed or waived. Continue reading at The Bookseller
[ The Bookseller | 2020-03-22 23:25:19 UTC ]
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Penguin Business will publish Cate Sevilla's guide to working titled How to Work Without Losing Your Mind. Continue reading at The Bookseller
[ The Bookseller | 2020-03-22 19:49:13 UTC ]
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Penguin Random House, announces its withdrawal from New York City’s 2020 BookExpo and ReedPop’s associated public weekend, BookCon. The post Penguin Random House Withdraws From BookExpo and BookCon 2020: Coronavirus Update appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2020-03-18 19:57:06 UTC ]
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