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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Penguin Life has signed a major three-book deal with TV doctor and author Dr Rangan Chatterjee, focusing on how small changes can make a difference to lifestyle. Continue reading at The Bookseller
[ The Bookseller | 2019-07-10 02:38:18 UTC ]
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Orion Fiction has picked up a festive romance from Sophie Pembroke in a two-book deal. Continue reading at The Bookseller
[ The Bookseller | 2019-07-09 21:26:43 UTC ]
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In its arrangement with PRH India, Canada’s Wattpad will introduce some of the publisher’s writers to Wattpad readers, rather than generating content from the platform. By Porter Anderson, Editor-in-Chief | @Porter_Anderson Introducing Indian Writers to Wattpad Users eeping up its brisk rate of... Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2019-07-08 15:35:12 UTC ]
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This week: a swampy urban legend, plus Silicon Valley and the remaking of America. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-07-05 04:00:00 UTC ]
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Penguin Random House UK has launched a new business, Penguin Connect, connecting companies and authors to “inspire personal and professional growth” through bespoke events such as workshops and keynote speeches. Continue reading at The Bookseller
[ The Bookseller | 2019-07-03 05:50:45 UTC ]
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Richard Bravery has been promoted with immediate effect to art director at Penguin General. Continue reading at The Bookseller
[ The Bookseller | 2019-07-02 20:42:44 UTC ]
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Imagine being ushered into a vast and palatial room on a sumptuous estate to rival Versailles… and before you, across a golden table, lies a smorgasbord of delights. A banquet fit for a king, a queen, or even an emperor. As you gaze upon this wonder, you’re told you may eat only one meal from […] Continue reading at Literrary Hub
[ Literrary Hub | 2019-07-02 19:16:57 UTC ]
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Investigation led by Julia Neuberger finds Spanish edition of How They Rule the World has ‘echoes of Jewish conspiracy theories’Penguin Random House has stopped short of demands to withdraw Pedro Baños’s How They Rule the World from sale, but will print no further copies of the book after an... Continue reading at The Guardian
[ The Guardian | 2019-06-27 13:01:37 UTC ]
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Flights to the U.S. from Terminal 1 at Toronto's Pearson International Airport were temporarily delayed early Saturday due to a security incident, the airport says. Continue reading at CBC
[ CBC | 2019-06-22 13:59:23 UTC ]
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Neighbors from hell, kidnappers, bad cops, international troublemakers: They’re all here. Continue reading at The Washington Post
[ The Washington Post | 2019-06-20 14:00:00 UTC ]
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Julia Neuberger to analyse Pedro Baños’s How They Rule the World, which includes passages about the Rothschild familyPenguin Random House has asked Rabbi Baroness Julia Neuberger to independently review one of its books, Pedro Baños’s How They Rule the World, after allegations of antisemitism... Continue reading at The Guardian
[ The Guardian | 2019-06-17 12:44:17 UTC ]
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Publisher’s review of How They Rule the World, accused of prejudice in its coverage of the Rothschilds, finds book ‘robust’ but not antisemiticPenguin has undertaken a “thorough” review of one of its books, Spanish colonel Pedro Baños’s How They Rule the World, after allegations of antisemitism... Continue reading at The Guardian
[ The Guardian | 2019-06-11 13:01:12 UTC ]
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The first day of summer is almost upon us, and Amazon doesn’t want you to be without a brand new waterproof kindle for all that beach or poolside reading. Right now, Amazon’s Wi-Fi Kindle Oasis is $200Remove non-product link—a $50 discount off the usual price and the lowest price we've ever... Continue reading at PC World
[ PC World | 2019-06-10 13:55:00 UTC ]
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Just in time for summer reading, "The Library Book" by Susan Orlean is the L.A. Times Book Club's first selection and community read. Continue reading at Los Angeles Times
[ Los Angeles Times | 2019-06-08 13:00:00 UTC ]
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Penguin Random House is acquiring the book publishing assets of F+W Media, which include the Writer's Digest catalog. Communities to be auctioned separately June 13. The post Penguin Random House Buys F+W Media’s Books at Auction appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2019-06-07 16:05:51 UTC ]
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This week: new books from Clive Cussler and Jennifer Weiner, plus a very creepy novel about a creative writing M.F.A. program. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-06-07 04:00:00 UTC ]
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Independent Facebook investors voted overwhelmingly to fire Mark Zuckerberg as chairman and scrap the firm’s share structure. Continue reading at Stuff
[ Stuff | 2019-06-04 21:05:33 UTC ]
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This week: the astounding new science of how animals find their way, plus a nail-biting, stay-up-all-night thriller. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-05-24 04:00:00 UTC ]
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Penguin has donated £10,000 to the crowdfunding campaign to keep a historic copy of Lady Chatterley’s Lover in the UK. Continue reading at The Bookseller
[ The Bookseller | 2019-05-24 03:23:01 UTC ]
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Susan Orlean, Jeff Kinney and Ijeoma Oluo have their to-be-read stacks ready to go. Continue reading at The Washington Post
[ The Washington Post | 2019-05-23 13:57:00 UTC ]
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