The beleaguered FTSE 100 firm strengthens balance sheet by selling a 22% stake to Bertelsmann in deal valuing the publishing giant at $3.55bn Pearson has sold a 22% stake in Penguin Random House, the world’s biggest publisher, with titles ranging from Fifty Shades of Grey, Jamie Oliver and The Girl on the Train. The deal values Penguin at $3.55bn (£2.75bn).Pearson put its holding in PRH up for sale in January after issuing a string of profit warnings in its educational publishing business, and has sold the stake to partner Bertelsmann. Continue reading... Continue reading at 'The Guardian'
[ The Guardian | 2017-07-11 00:00:00 UTC ]
Shani Gonzales of Warner Chappell says that although people are ‘having fun’ with creating AI songs, ‘what happens when someone tries to sell it?’Arriving in London in the teeth of the pandemic to take a top music industry job, Shani Gonzales had few opportunities to immerse herself in British... Continue reading at The Guardian
[ The Guardian | 2024-06-25 13:00:26 UTC ]
More news stories like this
From Richard Osman and Millie Bobby Brown to the upcoming book by Keanu Reeves, celebrity novels are everywhere. What’s behind the boom? And how do non-famous writers feel about it?I understood that if I was going to do it, I would have to put 100% of myself into it,” says Richard Osman about... Continue reading at The Guardian
[ The Guardian | 2024-01-13 09:00:12 UTC ]
More news stories like this
With the publication of Billy and the Giant Adventure (Tundra), celebrity chef Jamie Oliver becomes a children’s book author. In the inventive and inspiring story, a group of friends enter a portal to another world, where they have a wild adventure and meet a menagerie of creatures. Oliver... Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-11-21 05:00:00 UTC ]
More news stories like this
The tech industry is reeling from the combination of a rough economy, the COVID-19 pandemic and some obvious business missteps. And while that led to job cuts in 2022, the headcount reductions have unfortunately ramped up in 2023. It can be tough to keep track of these... Continue reading at Engadget
[ Engadget | 2023-10-16 15:52:41 UTC ]
More news stories like this
United Kingdom regulators were effectively the last hurdle stopping Microsoft from purchasing Activision Blizzard, in the biggest merger the video game industry has ever seen. That hurdle was cleared this morning as the UK’s Competition and Markets Authority relented to adjusted terms.... Continue reading at PC World
[ PC World | 2023-10-13 14:10:14 UTC ]
More news stories like this
Xbox Game Pass’s streaming powers are remarkable, but so far they’ve been limited to titles that have been released on Xbox consoles. Game Pass includes a ton of PC games (and plenty that are available on both), but in order to play them, you have to download the files locally and play... Continue reading at PC World
[ PC World | 2023-09-18 14:49:58 UTC ]
More news stories like this
The tech industry is reeling from the combination of a rough economy, the COVID-19 pandemic and some obvious business missteps. And while that led to job cuts in 2022, the headcount reductions have unfortunately ramped up in 2023. It can be tough to keep track of these moves, so we’ve compiled... Continue reading at Engadget
[ Engadget | 2023-06-29 15:28:56 UTC ]
More news stories like this
Gannett, a news publisher accused of monopolistic behavior, is suing Google for monopolistic behavior. It’s the latest in a string of lawsuits against the search giant, and it repeats many of the arguments made by the Department of Justice in its second lawsuit against Google, filed earlier this... Continue reading at Engadget
[ Engadget | 2023-06-20 16:46:02 UTC ]
More news stories like this
Richard “Dick” Snyder, who built Simon & Schuster into the biggest publisher of its day over the course of a long and tempestuous career, died on June 6 at his home in Los Angeles. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-06-08 04:00:00 UTC ]
More news stories like this
Entire board resigns over actions of academic publisher whose profit margins outstrip even Google and AmazonMore than 40 leading scientists have resigned en masse from the editorial board of a top science journal in protest at what they describe as the “greed” of publishing giant Elsevier.The... Continue reading at The Guardian
[ The Guardian | 2023-05-07 07:00:16 UTC ]
More news stories like this
The certified B Corporation aims to reach an audience of 50 million girls by 2025 as it continues to publish new books and expand into new media and storytelling formats. On Monday the girl-centered media brand Rebel Girls announced an $8 million Series A funding round led by publishing giant... Continue reading at Fast Company
[ Fast Company | 2023-03-06 09:30:00 UTC ]
More news stories like this
Two CEOs have stepped down. A storied executive has retired. And a big legal loss isn't entirely in the rearview. This year, the U.S. book market's biggest publisher is planning some major structural changes. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-02-03 05:00:00 UTC ]
More news stories like this
Publishers have faced criticism for producing books considered ‘an easy sell’ Chef Jamie Oliver and former Spice Girl Geri Halliwell-Horner have become the latest celebrities to announce new children’s books, with experts saying there is no sign the celebrity-authored children’s book trend will... Continue reading at The Guardian
[ The Guardian | 2022-10-21 10:05:05 UTC ]
More news stories like this
Staff from newspaper that rails against ‘militant trade unions’ will join sister outlets in striking on FridayThe Daily Express has repeatedly warned its readers that “militant trade unions” are bringing Britain to its knees – but this week many of the newspaper’s own staff will go on strike in... Continue reading at The Guardian
[ The Guardian | 2022-08-21 16:41:06 UTC ]
More news stories like this
The Biden administration is suing to block Penguin Random House from buying Simon & Schuster. A United States District Court will decide if the sale can proceed. Continue reading at The New York Times
[ The New York Times | 2022-07-31 11:19:44 UTC ]
More news stories like this
‘Nine parties it up,’ accuses the Australian, while ignoring corporate hospitality of News Corp execs. Plus: the Tele’s riveting true crime TikToks“Nine parties it up” was the headline on a hit piece in the Australian about rival media company Nine Entertainment. The broadcasting and publishing... Continue reading at The Guardian
[ The Guardian | 2022-06-03 02:00:54 UTC ]
More news stories like this
Market value increases by nearly £1bn as Apollo considers improved cash offer after £6.4bn deal rejectedPearson’s market value jumped by as much as a fifth after a US private equity group said it was considering making an improved cash offer after the educational publisher’s rejection of a... Continue reading at The Guardian
[ The Guardian | 2022-03-11 13:22:21 UTC ]
More news stories like this
The food bloggers’ fourth book Comfort Food outsold Osman’s second cosy crime novel by just over 1,000 copiesThe fourth Pinch of Nom cookbook, a collection of slimming comfort food recipes, has narrowly pipped Richard Osman to the top of the book charts this Christmas.Sales figures from... Continue reading at The Guardian
[ The Guardian | 2021-12-21 15:49:29 UTC ]
More news stories like this
Jamie Oliver's Together (Michael Joseph) has debuted in the UK Official Top 50 number one, becoming his 19th cookbook to hit the top spot. Continue reading at The Bookseller
[ The Bookseller | 2021-09-07 12:31:55 UTC ]
More news stories like this
The longtime head of the children’s publishing giant Scholastic Inc. who presided over such bestsellers as J Continue reading at ABC News
[ ABC News | 2021-06-07 01:26:31 UTC ]
More news stories like this