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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Pushkin Press has sold North American rights to Penguin Books US for How to be a Fascist by Italian author and politician Michela Murgia. Continue reading at The Bookseller
[ The Bookseller | 2020-01-14 03:52:42 UTC ]
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Though we've named our best books of 2019, we all have our personal favorites, and not all of them are from 2019. These are the best books we read this year. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-01-10 05:00:00 UTC ]
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Sure, novels can encourage empathy and other virtues, but what they offer is more subtle, more complicated, more important. Continue reading at The Washington Post
[ The Washington Post | 2020-01-09 15:00:00 UTC ]
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This week, we highlight a powerful and unsettling debut by Ani Katz; a cleverly crafted memoir by Javier Cercas; a tangled, riveting parable of the modern surveillance state by Joanna Kavenna; and more Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-01-09 05:00:00 UTC ]
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This week, we highlight a writing guide from Chuck Palahniuk; a candid and fascinating portrait of young American masculinity from Peggy Orenstein; a ruminative, endlessly clever book, Pulitzer Prize–winner Robert Hass; and a whole lot more. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-01-03 05:00:00 UTC ]
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Second only to the occasional test kitchen tour, the biggest perk of editing Folio: is the constant reminder that magazines overwhelmingly remain the primary medium for the greatest long-form journalism being produced today. As another year ends, we once again turned to the tastemakers... Continue reading at Folio Magazine
[ Folio Magazine | 2019-12-30 17:04:32 UTC ]
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This year, we asked our readers to tell us who they think are some of the industry’s most valuable players. Here’s what some of them wrote. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-12-23 05:00:00 UTC ]
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While 2019 winds down, many of us are reflecting on the year that was. We talk about our favorite movies, TV shows, records, etc. But here at Folio:, one of our favorite things to look back at are the year's best magazine covers. As an annual tradition, we reach out to some of the top designers... Continue reading at Folio Magazine
[ Folio Magazine | 2019-12-19 19:17:56 UTC ]
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Germany-based media and services company Bertelsmann says it will buy the 25% of publisher Penguin Random House that it doesn't already own for $675 million Continue reading at ABC News
[ ABC News | 2019-12-18 11:47:31 UTC ]
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U.K.-based publisher Pearson is selling its last shares in Penguin Random House, representing 25% ownership of the company, to Germany's Bertelsmann, which will now have 100% ownership of the company. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-12-18 05:00:00 UTC ]
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Pearson is selling its remaining 25% stake in Penguin Random House to Bertelsmann, as its c.e.o. John Fallon prepares to retire next year. Continue reading at The Bookseller
[ The Bookseller | 2019-12-18 01:20:40 UTC ]
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Pearson has won a contract with the UK Home Office to deliver secure English language tests (SELTs) to people who need to demonstrate their English language skills to work or live in the UK. Continue reading at The Bookseller
[ The Bookseller | 2019-12-17 10:16:56 UTC ]
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A few years ago, investors were eager to throw money at digital media startups. Not anymore. But there are some Continue reading at Editor & Publisher
[ Editor & Publisher | 2019-12-16 15:51:10 UTC ]
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Novels by début authors Alex Michaelides and Harriet Tyce will join Lisa Jewell on Richard & Judy's Winter Book Club list, with W H Smith. Continue reading at The Bookseller
[ The Bookseller | 2019-12-11 13:56:54 UTC ]
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Penguin Life will publish a debut by academic Dr Christian Busch, The Serendipity Mindset: The Art and Science of Creating Good Luck. Continue reading at The Bookseller
[ The Bookseller | 2019-12-09 10:00:59 UTC ]
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Macmillan Children’s Books has picked up an "accessible, friendly, informative and fun" exam guide backed with expert research from mental health campaigner Natasha Devon. Continue reading at The Bookseller
[ The Bookseller | 2019-11-22 05:40:01 UTC ]
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This week: why we're wrong about nearly everything, plus Bohumil Hrabal's meditations on living with cats. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-11-22 05:00:00 UTC ]
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This week: A biography of Jay-Z from Michael Eric Dyson, a series launch from bestseller Jeff Lindsay, and a Man Booker–shortlisted novel from Bernardine Evaristo. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-11-21 05:00:00 UTC ]
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This week: a woman who gave birth to rabbits, plus a brilliant mystery set in 15th-century England. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-11-15 05:00:00 UTC ]
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This morning, Oprah announced her latest book club pick: Elizabeth Strout’s Olive, Again, her recent follow-up to her Pulitzer prize-winning Olive Kitteridge. “I love [Olive] because she’s so 100% authentically herself,” Winfrey said. “She always says the things that we are always thinking, like... Continue reading at Literrary Hub
[ Literrary Hub | 2019-11-07 16:30:04 UTC ]
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