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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Readers' and advertisers' growing appetite for digital content brings an end to the 51-year-old financial magazine. The post Institutional Investor Shutters Print Edition appeared first on Folio:. Continue reading at Folio Magazine
[ Folio Magazine | 2018-03-06 00:00:00 UTC ]
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Pearson has returned to profit a year after posting its biggest ever loss, at the same time as announcing it is putting its K12 school courseware business up for sale. Continue reading at The Bookseller
[ The Bookseller | 2018-02-24 00:00:00 UTC ]
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In a new series directed by Andy Coyle–with illustrator Luke Pearson as one of its executive producers–the five-book 'Hilda' series of graphic novels from Nobrow's Flying Eye Books is to premiere on Netflix in Septermber. The post UK Illustrator Luke Pearson’s Series ‘Hilda’ Beats a Path to... Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2018-02-23 00:00:00 UTC ]
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This week: a modern true crime classic, plus an incisive collection of essays about the issues facing black feminists. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-02-23 00:00:00 UTC ]
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Fiona Crosby, commissioning editor at Michael Joseph, is joining Headline to become senior commissioning editor for non-fiction. Continue reading at The Bookseller
[ The Bookseller | 2018-02-22 00:00:00 UTC ]
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Penguin is launching a pop-up bookshop stocked solely with titles by female writers for International Women’s Day. Continue reading at The Bookseller
[ The Bookseller | 2018-02-16 00:00:00 UTC ]
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Penguin is partnering with Jack Arts and Audible to celebrate the paperback publication of Mohsin Hamid's Exit West (Viking) with an interactive poster installation on Commercial Street, London. Continue reading at The Bookseller
[ The Bookseller | 2018-02-15 00:00:00 UTC ]
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This week: a literary adventure about a movie crew in the jungles of Honduras, plus the painting that shocked the world. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-02-09 00:00:00 UTC ]
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Kew Gardens will host a Peter Rabbit themed festival this year after striking a deal with Penguin Ventures, part of Penguin Random House. Continue reading at The Bookseller
[ The Bookseller | 2018-02-06 00:00:00 UTC ]
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This week: a forbidden book containing unsettling fairy tales, plus the uses and misuses of civil rights history. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-01-26 00:00:00 UTC ]
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The All-Star break has practically left the Kings broken, but they still had a leg to stand on before it began. Just being able to field a lineup before the four-day hiatus was considered victory enough Wednesday. Headlining a grocery list of injuries was the announcement that Jonathan Quick will... Continue reading at Los Angeles Times
[ Los Angeles Times | 2018-01-25 00:00:00 UTC ]
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This week: Emma Glass's mind-bending debut novel, plus two remarkable scientists and their dueling visions to shape tomorrow’s world. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-01-19 00:00:00 UTC ]
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Pearson made "good progress" in 2017, slashing its net debt and projecting full-year profits to come in at the top end of its guidance. Continue reading at The Bookseller
[ The Bookseller | 2018-01-18 00:00:00 UTC ]
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This week: Denis Johnson's short story collection, destined to be a classic, plus a history of the heart in 11 operations. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-01-12 00:00:00 UTC ]
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Penguin Random House has purchased the trade book publishing assets of US wellness publisher Rodale Books from Hearst. Continue reading at The Bookseller
[ The Bookseller | 2018-01-11 00:00:00 UTC ]
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'Never have the voices of writers and their allies been so essential,' says the leadership of the merging Los Angeles and New York City chapters of PEN. And one of the most robust lifestyle-and-wellness publishers in the States is now part of PRH. The post Merger Notes: Two PEN Chapters, and... Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2018-01-11 00:00:00 UTC ]
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BookTrust will give books by David Melling and Ed Vere to more than a million children this year through its giveaway programmes. Continue reading at The Bookseller
[ The Bookseller | 2018-01-11 00:00:00 UTC ]
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Publishers that aren’t paid to make shows for Watch find they can still take advantage of the real estate by posting existing shows there, but at a risk. The post Publishers are treating Facebook Watch like YouTube appeared first on Digiday. Continue reading at Digiday
[ Digiday | 2018-01-09 00:00:00 UTC ]
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This week: four siblings find out the days that they will die, plus classic crime fiction by forgotten female authors. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-01-05 00:00:00 UTC ]
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Though we've named our best books of 2017, we all have our personal favorites, and not all of them are from 2017. These are the best books we read this year. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-01-03 00:00:00 UTC ]
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