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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Books by Stacey Halls, Anthony Horowitz and Oyinkan Braithwaite are among the six novels in this autumn’s picks for the Richard and Judy Book Club. Continue reading at The Bookseller
[ The Bookseller | 2019-09-24 04:30:56 UTC ]
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Oprah Winfrey is bringing her own book club to Apple TV+, where she will sit down with the authors of her selections for each episode. Continue reading at Los Angeles Times
[ Los Angeles Times | 2019-09-23 17:53:47 UTC ]
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The Third Age of Oprah’s Book Club began in earnest this morning as the beloved former talk show host and literary tastemaker revealed her first new selection in almost a year: Ta-Nihisi Coates’ debut novel, The Water Dancer. Making the announcement alongside Coates on CBS This Morning earlier... Continue reading at Literrary Hub
[ Literrary Hub | 2019-09-23 16:47:13 UTC ]
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As a lowly editorial assistant, Aidy Bryant is hustling to break into the publishing world on the Hulu series Shrill. So it's fitting that the streaming service is making journalism more accessible for everyone. For today only, Hulu is offering everyone free access to all of Adweek's content.... Continue reading at AdWeek
[ AdWeek | 2019-09-23 04:01:50 UTC ]
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Surprising no one, climate hero Greta Thunberg, whose forthright, outspoken approach to environmental activism, will publish two books in 2020 with Penguin Press, a memoir Our House is on Fire (written with her family), and a collection of her speeches, No One is Too Small to Make a Difference.... Continue reading at Literrary Hub
[ Literrary Hub | 2019-09-20 15:00:41 UTC ]
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This week: new books from Ta-Nehisi Coates, Ann Patchett, Patti Smith, Chris Ware, and more. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-09-20 04:00:00 UTC ]
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Tinder Press has picked up Ruth McIver’s debut crime novel in a joint deal with Hachette Australia. Continue reading at The Bookseller
[ The Bookseller | 2019-09-18 20:31:16 UTC ]
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Richard Osman, Ali Smith and Dolly Alderton were among the line-up of authors at a packed Penguin General 2020 Spring Showcase. Continue reading at The Bookseller
[ The Bookseller | 2019-09-12 13:10:30 UTC ]
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Wondering what new manga series have been published in English this year? This list contains some of the best titles to come out this year! Continue reading at Book Riot
[ Book Riot | 2019-09-12 10:34:11 UTC ]
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Yellow Kite has picked up a practical guide to long-term brain health written by psychologist and podcaster Kimberley Wilson. Continue reading at The Bookseller
[ The Bookseller | 2019-09-11 05:30:24 UTC ]
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Penguin Business has revealed, almost a year on from its rebrand, that it will be exploring mental wellbeing and entrepreneurialism with a new ‘Expert’ series launching this month, with a careers podcast launching next year. Continue reading at The Bookseller
[ The Bookseller | 2019-09-04 16:57:01 UTC ]
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Salman Rushdie's reimagining of "Don Quixote," plus the story of the woman who defied the Nazis in the world’s most dangerous horse race. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-08-30 04:00:00 UTC ]
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The actor, stand-up comic, and children’s book author invites readers into her head with a collection of “little weirds.” Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-08-23 04:00:00 UTC ]
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Former Bloomsbury publisher Richard Atkinson is joining Penguin Press as publishing director in September. Continue reading at The Bookseller
[ The Bookseller | 2019-08-19 17:59:21 UTC ]
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Penguin Books UK is publishing all four of J D Salinger’s works as e-books for the first time, as part of celebrations marking the centenary of his birth. Continue reading at The Bookseller
[ The Bookseller | 2019-08-12 05:42:10 UTC ]
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Galley Beggar Press has bagged the "tense, emotional and gripping" first adult novel from James Clammer. Continue reading at The Bookseller
[ The Bookseller | 2019-08-12 03:00:57 UTC ]
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Val McDermid has revealed her choice for the 10 most compelling LGBTQI+ writers working in the UK today, with a list including Fiona Mozley and Kirsty Logan. Continue reading at The Bookseller
[ The Bookseller | 2019-08-10 10:59:42 UTC ]
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PRH business Penguin Ventures has, in collaboration with Sony Pictures Consumer Products, announced the lead UK licensing partners for upcoming film "Peter Rabbit 2". Continue reading at The Bookseller
[ The Bookseller | 2019-08-08 21:31:55 UTC ]
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The latest stage in Wattpad's rapid expansion, its own new line of books is to be published in the UK market by Penguin Random House UK. The post Penguin Random House Children’s Books to Publish Wattpad Books in UK appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2019-08-08 09:05:12 UTC ]
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Pearson has admitted a data breach that saw around 13,000 of its US school and university student accounts accessed by hackers. Continue reading at The Bookseller
[ The Bookseller | 2019-08-04 19:12:10 UTC ]
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