Pearson sells Economist Group stake for £469m

Existing shareholder Exor increases its holding from 4.7% to 43.4% to become the largest single shareholder in the publishing groupPearson has sold its 50% stake in the Economist Group, publisher of the Economist newspaper, to existing shareholders for £469m in cash.The deal, a fait accompli following Pearson’s sale of the Financial Times to Nikkei for £844m last month, will see a major change in the power structure of the major shareholders that control the Economist Group. Continue reading... Continue reading at 'The Guardian'

[ The Guardian | 2015-08-12 00:00:00 UTC ]
News tagged with: #50% stake #economist group #major change

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Shares of Lee Enterprises Surge After Buffett Buys Stake

Berkshire Hathaway has made the latest of its string of investments in newspaper publishers. Continue reading at The New York Times

[ The New York Times | 2012-06-07 00:00:00 UTC ]
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Media Decoder Blog: Attacking Amazon, Authors Group Urges Opposition to E-Book Settlement

The Authors Guild is encouraging its 8,500 members to submit comments against the proposed settlement between the Department of Justice and three large publishers. The settlement, the guild argues, will only benefit Amazon. Continue reading at The New York Times

[ The New York Times | 2012-06-05 00:00:00 UTC ]
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Carly Simon sells long-awaited memoir

Carly Simon, the singer and songwriter who has had a rocky life and a storied career, has sold her autobiography to Random House for a sum in the seven figures, according to a person familiar with the deal. Ms. Simon, the author of several children's books, is writing the memoir herself. It's... Continue reading at Crains New York

[ Crains New York | 2012-06-02 00:00:00 UTC ]
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Pearson buys GlobalEnglish

International education publisher Pearson has acquired Business English language learning... Continue reading at The Bookseller

[ The Bookseller | 2012-05-25 00:00:00 UTC ]
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UK bookseller Waterstones to start selling Kindles

The UK's biggest bookstore chain has announced that it will start selling Kindles alongside other digital services from Amazon. Waterstones stores will let Kindle owners digitally browse books in-store and link up with special offers, tying into the chain's plans for substantial renovations that... Continue reading at Engadget

[ Engadget | 2012-05-21 00:00:00 UTC ]
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Waterstones to sell Amazon Kindle

UK bookseller Waterstones plans to sell Amazon's Kindle ebook reader and other Kindle digital services. Continue reading at BBC News

[ BBC News | 2012-05-21 00:00:00 UTC ]
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Kobo to sell Potter ebooks

Kobo is to join the ranks of physical and online booksellers licensed by Pottermore to sell Harry... Continue reading at The Bookseller

[ The Bookseller | 2012-05-17 00:00:00 UTC ]
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Comma sells Blasim tales to Penguin US

Manchester-based independent Comma Press has sold short story collection The Corpse Exhibition by... Continue reading at The Bookseller

[ The Bookseller | 2012-05-17 00:00:00 UTC ]
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Pearson acquires Certiport

Pearson has acquired professional testing company Certiport, paying $140m in cash for the US... Continue reading at The Bookseller

[ The Bookseller | 2012-05-16 00:00:00 UTC ]
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Google wants authors group out of library case

Google Inc. urged a judge Thursday to toss The Authors Guild and an organization representing photographers out of 6-year-old litigation over the future of the world's largest digital library, a move that would force authors and photographers to individually fight the online search-engine... Continue reading at Crains New York

[ Crains New York | 2012-05-04 00:00:00 UTC ]
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Pottermore ebook store sells '£3m in first month'

The Pottermore ebook store sold £3m-worth of Harry Potter ebooks in its first month, the... Continue reading at The Bookseller

[ The Bookseller | 2012-05-04 00:00:00 UTC ]
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Microsoft buys Nook stake; Barnes & Noble shares soar

(Reuters) - Microsoft Corp will invest $300 million in Barnes & Noble Inc's Nook e-reader, gaining a foothold in the fast-growing ebooks market as the bookseller gets more firepower to compete against Amazon.com's Kindle and Apple Inc's iPad. Continue reading at Baltimore Sun

[ Baltimore Sun | 2012-04-30 00:00:00 UTC ]
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First quarter sales up 11% at Pearson

Pearson increased sales by 11% to £1.16bn in the first three months of 2012, it announced... Continue reading at The Bookseller

[ The Bookseller | 2012-04-27 00:00:00 UTC ]
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Pearson Sales Rise But Sees Lower Half-Year Profit

LONDON (Dow Jones)--Pearson PLC (PSON.LN), the publisher of the Financial Times newspaper and Penguin books, Friday produced a healthy rise in first-quarter revenue, but warned profit will be down in the first half of 2012 due to seasonal effects an ... Continue reading at Editor & Publisher

[ Editor & Publisher | 2012-04-27 00:00:00 UTC ]
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Nature Publishing Group Launches Linked Data Platform

Nature Publishing Group is trying to break into the future of scientific publishing with its new linked data platform—launched earlier this month; the new platform is designed to enrich search functions. Continue reading at Folio Magazine

[ Folio Magazine | 2012-04-19 00:00:00 UTC ]
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'Fifty Shades of Grey' by E.L. James is selling books (and more)

'Fifty Shades of Grey' by E.L. James and sequels are an ebook and paperback phenomenon that is also causing a sales spike in sex shops. How did it all happen?The staff of the Pleasure Chest, a high-end West Hollywood sex shop, were first tipped to the "Fifty Shades of Grey" phenomenon by their... Continue reading at Los Angeles Times

[ Los Angeles Times | 2012-04-17 00:00:00 UTC ]
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Hachette Livre sells its ebook distribution platform

Hachette Livre has sold its ebook distribution platform Numilog to its founder and c.e.o. Denis... Continue reading at The Bookseller

[ The Bookseller | 2012-04-17 00:00:00 UTC ]
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Consumer Group: E-book Price Fixing Costs Big Bucks

E-book price fixing will cost consumers more than US$200 million this year, and U.S. antitrust authorities should take action against Apple and a group of... Continue reading at PC World

[ PC World | 2012-04-10 00:00:00 UTC ]
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J.K. Rowling's Website Starts Selling Harry Potter E-Books

It didn't take a Hogwarts magician to know this day would eventually come. The bookstore feature of J.K. Rowling's Pottermore website went live Tuesday, enabling English-language readers to buy the digital editions of all seven Harry Potter novels—and the audiobook editions—from anywhere in the... Continue reading at AllThingsD

[ AllThingsD | 2012-03-27 00:00:00 UTC ]
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Drop in executive pay at Pearson

Pearson chief executive Marjorie Scardino earned almost £2.5m in 2011, down on £2.... Continue reading at The Bookseller

[ The Bookseller | 2012-03-26 00:00:00 UTC ]
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