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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Stressing that Sourcebooks will retain its independence, Penguin Random House's 45-percent stake in the American publisher may mean new international reach. The post Sourcebooks and Penguin Random House in ‘Collaborative Partnership’ appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2019-05-23 01:30:12 UTC ]
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This week: a scientist’s race to save her husband from a deadly superbug, plus a shiver-inducing Icelandic thriller. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-05-17 04:00:00 UTC ]
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Abi Elphinstone discusses her new Middle Grade series, inspired by the Scottish wilds of her youth. Continue reading at The Bookseller
[ The Bookseller | 2019-05-16 00:00:00 UTC ]
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On Thursday, May 30, from 3:30 to 4:30 p.m., join Penguin Random House in the Librarians' Lounge (Booth 557) for a meet and greet with some of the publishers' hottest authors. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-05-14 04:00:00 UTC ]
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The membership-powered crowdfunding has added new service tiers and pricing beginning this month for new members, including new pro and premium levels designed for high-volume creative projects. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-05-10 00:00:00 UTC ]
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Penguin Press will publish the collected speeches of 16-year-old climate activist Greta Thunberg, No One Is Too Small to Make a Difference as well as a family memoir, Scenes from the Heart. Continue reading at The Bookseller
[ The Bookseller | 2019-05-03 00:00:00 UTC ]
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One of Spain's most prominent independent houses, Ediciones Salamandra brings some 500 authors to Penguin Random House Grupo Editorial. The post Penguin Random House Grupo Editorial Acquires Ediciones Salamandra appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2019-05-03 00:00:00 UTC ]
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This week: new books from Ted Chiang, Julie Orringer, Elizabeth Acevedo, and more. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-05-03 00:00:00 UTC ]
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While educational publishers sought to build bespoke platforms to engage educators, tech giants secured the channel. Jon White wonders—is a shift about to occur? Continue reading at The Bookseller
[ The Bookseller | 2019-05-02 00:00:00 UTC ]
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Penguin Books is rushing out an anthology by environmental protest group Extinction Rebellion who brought parts of London to a standstill this month. This is Not a Drill: An Extinction Rebellion Handbook, originally slated for release later in the year, will now be published on 3rd June. Editor... Continue reading at The Bookseller
[ The Bookseller | 2019-04-27 00:00:00 UTC ]
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Penguin Live has unveiled its summer season of events, which sees tours from a host of top authors including Caitlin Moran and "Queer Eye" star Tan France, along with live podcast events featuring Scarlett Curtis to mark Feminist Book Fortnight. Continue reading at The Bookseller
[ The Bookseller | 2019-04-26 00:00:00 UTC ]
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This week: a delightful history of how Britain became modern, plus two outstanding thrillers. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-04-26 00:00:00 UTC ]
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Pearson c.e.o. John Fallon has paid tribute to employee Dieter Kowalski, who was killed in the Sri Lanka bombings on Easter Sunday. Continue reading at The Bookseller
[ The Bookseller | 2019-04-25 00:00:00 UTC ]
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Madeline Miller has picked up the Red Tentacle award for her “work of true genius” Circe (Bloomsbury) at this year’s Kitschies. Continue reading at The Bookseller
[ The Bookseller | 2019-04-17 00:00:00 UTC ]
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The L.A. Times Festival of Books and the Coachella music festival aren’t the only things happening this weekend. Our picks include the return of the Los Angeles Dance Festival, Nia Vardalos in the play “Tiny Beautiful Things” and Esa-Pekka Salonen leading the Los Angeles Philharmonic in... Continue reading at Los Angeles Times
[ Los Angeles Times | 2019-04-13 00:00:00 UTC ]
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Influx Press have made their first deal with Penguin India, as the independent publisher aims to develop more links with the country. Continue reading at The Bookseller
[ The Bookseller | 2019-04-11 00:00:00 UTC ]
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Circle Media Group has sold its interest in one of Europe’s largest book printers, CPI, to a private investor, after less than nine months of ownership. Continue reading at The Bookseller
[ The Bookseller | 2019-04-10 00:00:00 UTC ]
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Penguin Ventures has collaborated with Le Méridien Piccadilly Hotel to launch an official Peter Rabbit Afternoon Tea. Continue reading at The Bookseller
[ The Bookseller | 2019-04-09 00:00:00 UTC ]
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This week: Susan Choi's unforgettable 'Trust Exercise,' and Maria Gainza's phenomenal 'Optic Nerve.' Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-04-05 00:00:00 UTC ]
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Everybody has their own hot take on the media. The coldest eye likely comes from (or probably should come from) those who put their own money on the line. Publicly-traded media companies share a lot of mandatory financial information, but what drives the perspectives of those looking a bit... Continue reading at Folio Magazine
[ Folio Magazine | 2019-04-04 00:00:00 UTC ]
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