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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Works by established poets Andrew Motion, Carol Ann Duffy and Lemn Sissay will be recommended for this year’s National Poetry Day alongside insta-poet Charly Cox and children’s poets Rachel Rooney and Joseph Coelho. Continue reading at The Bookseller
[ The Bookseller | 2018-08-07 00:00:00 UTC ]
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This week: a William Shakespeare mystery, plus the drug company that addicted America. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-08-03 00:00:00 UTC ]
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This week: Jules Feiffer's latest noir comic, plus how a mysterious European showman saved thousands of American babies Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-07-27 00:00:00 UTC ]
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This week: when being ghosted by a date might be more sinister, plus the gritty, rich history of the Bowery. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-07-20 00:00:00 UTC ]
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This week: a summer job on a New York ambulance, plus a creepy, can’t-put-it-down thriller about motherhood. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-07-13 00:00:00 UTC ]
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UNITE 2018, the annual international convention hosted by the Association for Christian Retail, took place in Nashville, Tenn., from July 8-11, sharing news of a large investment designed to change the industry. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-07-12 00:00:00 UTC ]
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Marlon James, Bernardine Evaristo, Jonathan Coe and Nina Stibbe last night headlined Penguin General’s Spring 2019 showcase on the Strand. Continue reading at The Bookseller
[ The Bookseller | 2018-07-11 00:00:00 UTC ]
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Kavanaugh, in a 2017 dissent, likened ISPs to bookstores, and calls the FCC’s net neutrality rules “half-baked” and “foreign” to the First Amendment. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-07-11 00:00:00 UTC ]
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The grime artist teams up with publisher Penguin and asks young authors for their stories. Continue reading at BBC News
[ BBC News | 2018-07-05 00:00:00 UTC ]
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Pearson is concentrating efforts in the area of artificial intelligence (AI) and has hired a former Intel executive, Milena Marinova, to be its senior vice president for AI products and solutions. Continue reading at The Bookseller
[ The Bookseller | 2018-07-03 00:00:00 UTC ]
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Super Thursday will fall on 4th October this year, The Bookseller can reveal, when a whopping 544 new hardbacks will be hitting shelves—40 more than on last year’s equivalent day—all vying for a slice of the lucrative Christmas book market. Continue reading at The Bookseller
[ The Bookseller | 2018-07-02 00:00:00 UTC ]
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After complaints that Amazon has been slow in picking up orders from various suppliers, the company has instituted some changes to ensure speedier pick-ups. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-07-02 00:00:00 UTC ]
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Reese Witherspoon has selected 'Next Year In Havana' (Berkley), by Chanel Cleeton, as her July book club pick. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-07-02 00:00:00 UTC ]
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Particularly because of a new government test in English proficiency for university applicants, language education is rising in importance and demand in Russia. Prosveshchenie reports it's working with Pearson on meeting the popularity of English training. The post Prosveshchenie and Pearson in... Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2018-07-02 00:00:00 UTC ]
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This week: the two men who ruled the underworld of old Shanghai, plus a journey through India's new Gilded Age. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-06-29 00:00:00 UTC ]
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The awards recognize the nation’s “most innovative public libraries and librarians for community-based library programs that engage citizens in reading and strengthen the social and cultural fabric of their community.” Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-06-22 00:00:00 UTC ]
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This week: the new novel from Emily Giffin, plus why it's so hard for white people to talk about racism. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-06-22 00:00:00 UTC ]
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Dr. Atul Gawande, a surgeon and bestselling author, has been named chief executive of a venture sponsored by Amazon.com Inc., JPMorgan Chase & Co. and Warren Buffett’s Berkshire Hathaway Inc. that aims to bring down those three firms’ healthcare costs. The companies announced the appointment... Continue reading at Los Angeles Times
[ Los Angeles Times | 2018-06-20 00:00:00 UTC ]
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This week: a novel set in a scary AI-overrun 2083, plus a history professor in her 60s goes to art school. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-06-15 00:00:00 UTC ]
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News organizations want Facebook to stop treating them like political and issues-based advertisers, claiming that the social network's new rules could negatively impact how the public views journalism.On Monday, media advocacy groups addressed a letter to CEO Mark Zuckerberg requesting that... Continue reading at Advertising Age
[ Advertising Age | 2018-06-12 00:00:00 UTC ]
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