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

Other Publishing stories related to: 'Pearson sells slice of Penguin for $1bn'

Penguin Random House’s Nihar Malaviya Announces Reorganization

Penguin Random House interim CEO Nihar Malaviya says that international division chiefs will continue to report to him. The post Penguin Random House’s Nihar Malaviya Announces Reorganization appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2023-02-28 17:11:50 UTC ]
More news stories like this | News stories tagged with: #penguin random house

Pearson Airport to limit flights during peak hours ahead of March Break, summer travel season

Toronto's Pearson Airport will be placing a "hard limit" on the number of flights arriving or departing during peak times ahead of March Break and the upcoming summer travel season. Continue reading at CBC

[ CBC | 2023-02-28 16:22:46 UTC ]
More news stories like this | News stories tagged with: #pearson airport #march break #pearson

Penguin to publish 'classic' Roald Dahl books after backlash

Publisher Penguin Random House says it will publish “classic” unexpurgated versions of Roald Dahl’s children’s novels, after criticism of cuts and rewrites intended to make the books suitable for modern readers Continue reading at ABC News

[ ABC News | 2023-02-24 14:04:19 UTC ]
More news stories like this | News stories tagged with: #roald dahl #rewrites intended #books suitable #modern readers #publisher penguin

Penguin to publish 'classic' Roald Dahl books after backlash

[ ABC News | 2023-02-24 14:03:22 UTC ]
More news stories like this | News stories tagged with: #roald dahl #rewrites intended #books suitable #modern readers #publisher penguin

Bookshop.org to Sell E-books, Publish First Print Title

Andy Hunter, Bookshop.org CEO, told 'PW' that the online retailer is developing an e-book platform for indie bookstores from scratch, and will launch it in beta late this year. In addition, the company is publishing its first book, a collection by Lydia Davis, who did not want her book available... Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-02-23 05:00:00 UTC ]
More news stories like this | News stories tagged with: #online retailer #indie bookstores #lydia davis #e-book

Legacy and Impact Lead This Year’s All Ways Black Initiative From Penguin Random House

With recent book bans in the U.S. causing alarm across the country, it's more crucial than ever to show support for literature in its many forms. As books by Black writers continue to be among the most targeted by extremist groups, Black authors, publishers and supporters are working double time... Continue reading at AdWeek

[ AdWeek | 2023-02-16 17:50:25 UTC ]
More news stories like this | News stories tagged with: #show support #black authors

Bertelsmann subsidiary to end, sell dozens of magazines

German media group RTL Deutschland says it will stop publishing almost two dozen print magazines and seek to sell a similar number Continue reading at ABC News

[ ABC News | 2023-02-07 13:23:50 UTC ]
More news stories like this | News stories tagged with: #stop publishing #bertelsmann

Penguin Random House Prepares to Rebuild

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 | News stories tagged with: #book market #biggest publisher #random house

Penguin Random House’s All Ways Black Collective Battles Book Bans

A community of Black writers and readers, the group is partnering with Little Free Library to bring more free libraries to Black communities across the country. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-02-02 05:00:00 UTC ]
More news stories like this | News stories tagged with: #black writers #free library #free libraries #black communities #libraries

Penguin Random House Audio Acquires Playaway Products

Penguin Random House Audio has acquired Playaway Products, a producer of physical audio players and tablets preloaded with content. Launched in 2005 and based in Solon, Ohio, the company offers 36,000 titles and works with some 40,000 libraries and institutions. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-02-02 05:00:00 UTC ]
More news stories like this | News stories tagged with: #libraries #penguin random house #random house

Madeline McIntosh, CEO of Penguin Random House, Resigns

The departure of Madeline McIntosh, who has led the country’s largest book publisher since 2018, is the latest shake-up for the company during a turbulent period. Continue reading at The New York Times

[ The New York Times | 2023-01-31 14:38:01 UTC ]
More news stories like this | News stories tagged with: #madeline mcintosh #turbulent period #largest book

Prince Harry’s Spare is fastest-selling nonfiction book since UK records began

First week of the controversial memoir’s sales breaks official UK records reports Nielsen, Guinness World Records and WaterstonesPrince Harry’s Spare has sold almost half a million copies in the UK in its first week on sale, making it the fastest-selling nonfiction book since records... Continue reading at The Guardian

[ The Guardian | 2023-01-17 16:13:57 UTC ]
More news stories like this | News stories tagged with: #uk retailers #prince harry #controversial memoir #million copies #records began #book charts #audiobook #nonfiction book

Despite leaks, Prince Harry’s memoir is the UK’s fastest selling nonfiction title ever.

You don’t really have to do much at this point to absorb passages from Prince Harry’s public therapy tell-all trauma dump, Spare. So much of what’s in the book has already appeared in interviews, profiles and, thanks to a very aggressive British press, as actual text on the internet. Despite the... Continue reading at Literrary Hub

[ Literrary Hub | 2023-01-12 15:22:07 UTC ]
More news stories like this | News stories tagged with: #prince harry #nonfiction title #memoir

Prince Harry’s autobiography Spare is UK’s fastest-selling nonfiction book

The memoir, which includes claims Prince William attacked him, records figures of 400,000 on its first day Prince Harry’s autobiography has become the UK’s fastest-selling nonfiction book ever, recording figures of 400,000 on its first day on sale.The controversial memoir Spare has made... Continue reading at The Guardian

[ The Guardian | 2023-01-10 19:17:17 UTC ]
More news stories like this | News stories tagged with: #autobiography spare #prince harry #made headlines #weeks leading #ebooks #memoir #nonfiction book

Jean Paré, Best-Selling ‘Everyday’ Cookbook Author, Dies at 95

With easy-to-follow recipes developed in her native Canada, she became one of the world’s top cookbook authors, publishing more than 30 million copies. Continue reading at The New York Times

[ The New York Times | 2023-01-09 20:19:55 UTC ]
More news stories like this | News stories tagged with: #jean par #cookbook author #native canada #cookbook

Top-selling Canadian cookbook author Jean Paré dies in Edmonton at age 95

Jean Paré, a farm girl from a small village in rural Alberta, and who gained worldwide fame for her Company's Coming cookbook series, has died. Continue reading at CBC

[ CBC | 2022-12-27 15:54:46 UTC ]
More news stories like this | News stories tagged with: #jean par #cookbook

Lucia Bernard, Book Interior Designer at Penguin, Dies at 29

Bernard, a senior designer in the Penguin Black interior design department who worked on books by Lauren Groff, Ruth Ozeki, Ocean Vuong, and others died on November 18. Continue reading at Publishers Weekly

[ Publishers Weekly | 2022-12-11 05:00:00 UTC ]
More news stories like this | News stories tagged with: #lauren groff #ruth ozeki #ocean vuong

Penguin Random House CEO Markus Dohle Steps Down

The chief executive of the largest publisher in the U.S., Penguin Random House, has stepped down. Markus Dohle oversaw the attempted acquisition of Simon & Schuster. Continue reading at The New York Times

[ The New York Times | 2022-12-09 14:47:10 UTC ]
More news stories like this | News stories tagged with: #largest publisher #simon schuster #random house