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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Revenue diversification strategies are coming together as publishers strengthen direct relationships with their audiences. The post ‘Treat display like a legacy product’: Insights from the Digiday Publishing Summit appeared first on Digiday. Continue reading at Digiday
[ Digiday | 2019-04-03 00:00:00 UTC ]
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The launch titles of the United Nations’ Sustainable Development Goals (SDG) Book Club were revealed at Bologna, all of which explore the topic of poverty. Continue reading at The Bookseller
[ The Bookseller | 2019-04-03 00:00:00 UTC ]
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Mark Zuckerberg also said he is weighing up paying publishers for use of their journalismFacebook could start employing editors to select “high-quality news” to show to users, in the social network’s latest attempt to lose its reputation as a source for disinformation.Mark Zuckerberg said he is... Continue reading at The Guardian
[ The Guardian | 2019-04-01 00:00:00 UTC ]
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Tanner Pearson scored in the fourth round of the shootout and the Vancouver Canucks kept their faint playoff hopes alive, beating the Los Angeles Kings 3-2 Thursday night. Brock Boeser and Alex Edler scored in regulation for the Canucks, who are seven points behind Colorado for the second... Continue reading at Los Angeles Times
[ Los Angeles Times | 2019-03-29 00:00:00 UTC ]
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Shaila Muñoz joins PRHGE with more than a decade working in the publishing industry, most recently at HarperCollins Christian Publishers. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-03-29 00:00:00 UTC ]
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Penguin Random House has acquired 30-year-old children's indie Little Tiger Group for an undisclosed sum. Continue reading at The Bookseller
[ The Bookseller | 2019-03-28 00:00:00 UTC ]
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Venetia Butterfield has been promoted to the newly created role of publisher at Penguin General Books. Continue reading at The Bookseller
[ The Bookseller | 2019-03-21 00:00:00 UTC ]
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Yellow Kite has picked up a "game-changing" examination of alcohol and its effects by Professor David Nutt. Continue reading at The Bookseller
[ The Bookseller | 2019-03-16 00:00:00 UTC ]
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Penguin Life has bought Exhale: The Science and Art of Breathwork from breathing expert Richie Bostock. Continue reading at The Bookseller
[ The Bookseller | 2019-03-13 00:00:00 UTC ]
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Pan Macmillan has scooped romantic comedy writer Alexandra Potter’s "uplifting" novel about the pressures of hitting 40 in an "Instagram-perfect" world. Continue reading at The Bookseller
[ The Bookseller | 2019-03-12 00:00:00 UTC ]
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Penguin Press imprint Particular Books will publish Cerys Matthews' new book, Where the Wild Cooks Go, later this year. Continue reading at The Bookseller
[ The Bookseller | 2019-03-06 00:00:00 UTC ]
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Penguin Classics will launch its first ever pop-up bookshop next month with a series of events and workshops planned. Continue reading at The Bookseller
[ The Bookseller | 2019-02-28 00:00:00 UTC ]
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This week: Ann Leckie's new novel, plus an outstanding true crime book set in Northern Ireland. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-02-22 00:00:00 UTC ]
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Scottish Book Trust will distribute 800,000 titles by authors such as David Melling, Joseph Coelho and Julia Donaldson to toddlers across Scotland as part of the Bookbug initiative. Continue reading at The Bookseller
[ The Bookseller | 2019-02-20 00:00:00 UTC ]
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Bella Pearson talks to Charlotte Eyre about setting up her own children's publisher, Guppy Books, and its launch titles. Continue reading at The Bookseller
[ The Bookseller | 2019-02-18 00:00:00 UTC ]
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This week: a stellar anthology of Chinese science fiction, plus Janet Malcolm's new collection. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-02-15 00:00:00 UTC ]
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This week: big novels from Christopher Castellani, Lauren Wilkinson, and Valeria Luiselli. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-02-08 00:00:00 UTC ]
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Bella Pearson, the former publishing director at David Fickling Books, is launching her own company in Oxford, focusing on middle-grade and YA fiction. Continue reading at The Bookseller
[ The Bookseller | 2019-02-05 00:00:00 UTC ]
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This week: the shock of global population decline, plus a novel narrated by God. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-02-01 00:00:00 UTC ]
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