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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Wang to join S&S from Penguin

Written By: Graeme Neill Publication Date: Mon, 14/11/2011 - 14:47 Simon & Schuster has appointed Meg Wang as editorial director for licensed properties. She will be responsible for the publisher's licensed character list, which includes tie-ins for the likes of the Smurfs, the Nickelodeon... Continue reading at The Bookseller

[ The Bookseller | 2011-11-14 00:00:00 UTC ]
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Stelling sells his football stories to Headline

Written By: Charlotte Williams Publication Date: Fri, 04/11/2011 - 11:01 Headline has acquired the next book by “Soccer Saturday” presenter Jeff Stelling, with the Sky Sports football pundit moving with his editor Jonathan Taylor from HarperSport. Publishing director Taylor bought world... Continue reading at The Bookseller

[ The Bookseller | 2011-11-04 00:00:00 UTC ]
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Penguin's ebook sales double

Written By: Graeme Neill Publication Date: Thu, 03/11/2011 - 09:55 Penguin's ebook sales have more than doubled in the first nine months of 2011, as parent Pearson reported an increase in total sales of 3% and operating profit of 13%. Total sales at Penguin for the nine months to 30th... Continue reading at The Bookseller

[ The Bookseller | 2011-11-03 00:00:00 UTC ]
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Jobs biog sells 379,000 copies Stateside

Written By: Philip Stone Publication Date: Wed, 02/11/2011 - 14:00 Walter Isaacson's biography of Apple co-founder Steve Jobs sold 379,000 copies in the US in its first week on bookshop shelves, BookScan US data has revealed. The $35 publication, published by Simon & Schuster in the US,... Continue reading at The Bookseller

[ The Bookseller | 2011-11-02 00:00:00 UTC ]
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Jobs biography sells 379,000 Stateside

Written By: Philip Stone Publication Date: Wed, 02/11/2011 - 14:00 Walter Isaacson's biography of Apple co-founder Steve Jobs sold 379,000 copies in the US in it first week on bookshops shelves, BookScan US data has revealed. The $35 publication, published by Simon & Schuster in the US,... Continue reading at The Bookseller

[ The Bookseller | 2011-11-02 00:00:00 UTC ]
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Penguin pre-empts Scott Hutchins novel

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[ The Bookseller | 2011-10-25 00:00:00 UTC ]
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Penguin set for Adrian Mole anniversary

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[ The Bookseller | 2011-10-21 00:00:00 UTC ]
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Rowland White to return to Penguin

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[ The Bookseller | 2011-10-21 00:00:00 UTC ]
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HC to sell Hello Kitty dictionaries

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[ The Bookseller | 2011-10-18 00:00:00 UTC ]
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Pearson adds free learning management tools to Google Apps for Education

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[ Betanews | 2011-10-14 00:00:00 UTC ]
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Canongate sells controlling stake in Text Publishing

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[ The Bookseller | 2011-10-03 00:00:00 UTC ]
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Book sales pass the £1bn mark

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[ The Bookseller | 2011-09-29 00:00:00 UTC ]
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[ Folio Magazine | 2011-09-28 00:00:00 UTC ]
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[ The Bookseller | 2011-09-27 00:00:00 UTC ]
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[ The Bookseller | 2011-09-20 00:00:00 UTC ]
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[ The Bookseller | 2011-09-15 00:00:00 UTC ]
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Penguin Ireland acquires war debut

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[ The Bookseller | 2011-09-12 00:00:00 UTC ]
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[ The Bookseller | 2011-09-02 00:00:00 UTC ]
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[ The Bookseller | 2011-09-01 00:00:00 UTC ]
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