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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This week: new books from Stephen King, Charlaine Harris, Michael Connelly, and more. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-10-26 00:00:00 UTC ]
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Gina Centrello, president and publisher of Random House, will oversee the merged publishing lines of Random House and the Crown Publishing Group. Continue reading at The New York Times
[ The New York Times | 2018-10-19 00:00:00 UTC ]
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Penguin Random House has unveiled two new voice-activated 'skills' for Amazon’s Alexa devices. Continue reading at The Bookseller
[ The Bookseller | 2018-10-19 00:00:00 UTC ]
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This week: inside the golden age of science fiction, plus the epic drama of our atmosphere. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-10-19 00:00:00 UTC ]
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What CEO Markus Dohle calls 'a natural extension and complement' to PRH's work in Southeast Asia, the new company will have a 50-title output at the start. The post Penguin Random House Opening Southeast Asian Operation Based in Singapore appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2018-10-08 00:00:00 UTC ]
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Yuval Noah Harari is addressing 300 schoolchildren this month on pressing issues facing their generation at a free event hosted by Russell Brand. Continue reading at The Bookseller
[ The Bookseller | 2018-09-22 00:00:00 UTC ]
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Penguin Life has pre-empted the first book of dietitian Dr Megan Rossi, The Gut Health Doctor, sharing strategies for improving gut health. Continue reading at The Bookseller
[ The Bookseller | 2018-09-22 00:00:00 UTC ]
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A running joke among the Kings is that Jeff Carter is practically a father to linemates Tyler Toffoli and Tanner Pearson. Toffoli took it to Twitter last week and posted a photo of Carter talking to him and Pearson, days before a scrimmage in Ontario, and wrote, “Dad just told us he’s taking us... Continue reading at Los Angeles Times
[ Los Angeles Times | 2018-09-21 00:00:00 UTC ]
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This week: Ben Fountain's new essay collection, plus Kate Atkinson's spy thriller. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-09-21 00:00:00 UTC ]
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Penguin Random House (PRH) has four books on the longlist for this year’s William Hill Sports Book of the Year, which celebrates excellence in sports writing. Continue reading at The Bookseller
[ The Bookseller | 2018-09-20 00:00:00 UTC ]
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The U.K. educational publisher remained the biggest publisher on the planet in 2017. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-09-14 00:00:00 UTC ]
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Under the new leadership of investor Edward Roush, president Curtis Riskey has stepped down from the Association for Christian Retail (CBA) in an overhaul of its staff, magazine, and all other operations. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-09-10 00:00:00 UTC ]
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After reporting disappointing Q1 results on Thursday, Barnes & Noble saw its stock price jump on Friday following a new investment by Richard Schottenfeld, the head of an eponymous investment firm that took a 5.58% stake in the book chain in July. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-09-07 00:00:00 UTC ]
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This week: a biography of Betty Ford, plus punk rock and the fall of the Berlin Wall. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-09-07 00:00:00 UTC ]
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Beginning October 1, 2018, PRH is moving from a perpetual access model (where libraries pay a higher price but retain access to the ebook forever) to a metered model (with lower prices on ebooks that expire after two years). Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-09-04 00:00:00 UTC ]
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A new Penguin Random House site for educators markets curriculum-relevant titles from both the frontlist and backlist. And two programs are providing tens of thousands of Cengage's new subscription to students. The post Industry Notes: Penguin Random Opens Education Site, Cengage Unlimited... Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2018-08-29 00:00:00 UTC ]
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This week: an account of the 1918 Spanish flu pandemic, plus the latest book from Jacqueline Woodson. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-08-24 00:00:00 UTC ]
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Thermochromic (or thermochromatic) printing is not new. Using inks that change color with heat, from colorless to colored, or vice versa, is fun, interesting, and appealing. Naturally, such application is popular in packaging and commercial printing. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-08-24 00:00:00 UTC ]
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This week: a James Baldwin children's book, plus a contemporary and provocative take on 'Frankenstein.' Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-08-17 00:00:00 UTC ]
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Cancer sufferer Lisa Wells has chosen illustrators Tim Budgen and Catalina Eccheveri to work on There’s Only One of Me, her picture book about the death of a parent. Continue reading at The Bookseller
[ The Bookseller | 2018-08-07 00:00:00 UTC ]
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