Pearson sells slice of Penguin for $1bn

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 ]
News tagged with: #deal valuing #publishing giant #biggest publisher #titles ranging #fifty shades #jamie oliver #profit warnings

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Industry Notes: Tom Weldon at FutureBook; Penguin Random House UK and India

Musing on books' resilience in the pandemic, Tom Weldon talks with Philip Jones; and Penguin Random House India partners with Pippa Rann. The post Industry Notes: Tom Weldon at FutureBook; Penguin Random House UK and India appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2020-11-19 18:15:54 UTC ]
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Obama Memoir Sells 887,000 Copies on Day One

Barack Obama's first presidential memoir, 'A Promised Land,' sold more than 887,000 units in all formats and editions in the U.S. and Canada on its first day on sale, its publisher said. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-11-19 05:00:00 UTC ]
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A Trump Memoir Would Sell. Will Publishers Buy It?

Some publishing executives worry their authors and staff might rebel, but they say their bigger concern would be ensuring the book’s accuracy. Continue reading at The New York Times

[ The New York Times | 2020-11-18 10:19:13 UTC ]
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Pearson creates new division focused on D2C relationship building

Pearson has created a new direct-to-consumer division, hiring senior talent from Warner Bros to help lead it.  Continue reading at The Bookseller

[ The Bookseller | 2020-11-18 06:07:40 UTC ]
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Obama Bio Selling Briskly at Indies

Independent booksellers reported solid first-day sales of former President Barak Obama's 'A Promised Land.' There was a downside, however, as many store owners reported some cartons of the memoir arrived damaged. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-11-17 05:00:00 UTC ]
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Penguin Michael Joseph lands two more from Jónasson

Penguin Michael Joseph has bought two new books from Scandinavian crime author Ragnar Jónasson.  Continue reading at The Bookseller

[ The Bookseller | 2020-11-13 08:34:28 UTC ]
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Penguin Life bends over backwards for 'innovative' yoga title

Penguin Life has bought a debut non-fiction book by yoga therapist and founder of True Yoga, Colin Dunsmuir, with a foreword by Cara Delevingne. Continue reading at The Bookseller

[ The Bookseller | 2020-11-09 18:19:01 UTC ]
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S&S sells Steadman's middle-grade series in 23 languages

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[ The Bookseller | 2020-11-04 00:06:17 UTC ]
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Penguin Life wins three-way auction for Lancaster's Bridge

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[ The Bookseller | 2020-11-03 06:48:20 UTC ]
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Penguin Michael Joseph pre-empts Corbett's celebration of 'life-saving' songbirds

Penguin Michael Joseph has pre-empted a book from author, editor and journalist Charlie Corbett, exploring mental health through the lens of 12 songbirds. Continue reading at The Bookseller

[ The Bookseller | 2020-10-26 15:34:25 UTC ]
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Penguin launches project to boost diversity in GCSE reading lists

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[ The Guardian | 2020-10-24 16:11:09 UTC ]
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Penguin Random House Canada: Adrienne Tang to Build In-House Rights Business

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[ Publishing Perspectives | 2020-10-23 16:11:39 UTC ]
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‘The Butterfly Effect’ charts Kendrick Lamar’s evolution from platinum-selling rapper to protest artist

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[ The Washington Post | 2020-10-19 15:07:34 UTC ]
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British Army to share leadership know-how in book for Penguin Business

Penguin Business has acquired an official book on British Army leadership, revealing to civilians key take-aways to become better leaders themselves. Continue reading at The Bookseller

[ The Bookseller | 2020-10-16 17:29:49 UTC ]
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Penguin Random House’s Global Social Impact: Claire von Schilling

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[ Publishing Perspectives | 2020-10-14 20:00:57 UTC ]
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How Do Readers Rate The New York Times Best-Selling Books?

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[ Book Riot | 2020-10-09 10:33:00 UTC ]
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[ The Bookseller | 2020-10-02 10:02:53 UTC ]
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For Banned Books Week, I read the country’s 10 most challenged books. The gay penguins did not corrupt me.

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[ The Washington Post | 2020-09-28 12:00:00 UTC ]
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Third of Pearson's shareholders vote against CEO's £7.2m pay package

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[ The Guardian | 2020-09-18 14:02:55 UTC ]
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