Pearson has agreed to sell 22% of its stake in Penguin Random House (PRH) to co-shareholder Bertelsmann, valuing the publisher at $3.55bn (£2.76bn). The deal means Bertelsmann will increase its control over the publisher, owning a 75% stake, while Pearson will own the remaining 25%. The deal is expected to close at the end of September 2017. The increase in Bertelsmann's stake has "no effect" on PRH, the company said, and "the independence of the group’s 250-plus individual publishers remains unaffected". Markus Dohle will remain c.e.o. Continue reading at 'The Bookseller'
[ The Bookseller | 2017-07-11 00:00:00 UTC ]
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Following widespread outcry after the publisher announced it was ending its relationship with unions, fresh talks suggest a new agreement is in the offingIn what is being widely interpreted as a management climbdown, Penguin Random House, the world’s biggest publisher, has resumed talks with... Continue reading at The Guardian
[ The Guardian | 2016-12-21 00:00:00 UTC ]
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Open letter from writers including David Almond, Michael Rosen and Meg Rosoff calls on publisher to ‘reverse its decision to derecognise unions’Children’s authors David Almond, Michael Rosen and Meg Rosoff are among more than 140 writers, booksellers and librarians who have signed a letter... Continue reading at The Guardian
[ The Guardian | 2016-12-19 00:00:00 UTC ]
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Workers from Unite and NUJ fear move heralds industrial strife at company that publishes one in four books sold globallyPenguin Random House, the publisher of hits including The Girl on the Train, Fifty Shades of Grey and Jamie Oliver’s cookbooks, has terminated its collective agreement with... Continue reading at The Guardian
[ The Guardian | 2016-12-16 00:00:00 UTC ]
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The publisher has a 20-point lead in market share over its closest competitor, HarperCollins. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-11-04 00:00:00 UTC ]
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Industry’s lack of diversity ‘is a real issue, and we have been slow’, says Tom Welson, launching a new scheme to attract under-represented communitiesThe chief executive of the UK’s largest publisher has warned that the books industry will “become irrelevant” if it continues to fail to reflect... Continue reading at The Guardian
[ The Guardian | 2016-10-10 00:00:00 UTC ]
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Under the new Subway Reads promotion, NYC commuters will be able to download free ebooks via free wi-fi installed at 175 subway stations. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-08-29 00:00:00 UTC ]
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Penguin Random House is the world’s leading trade book publisher, comprised of nearly 250 imprints and brands on five continents, with more than 15,000 new titles and 800 million print, audio and ebooks sold annually. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-08-26 00:00:00 UTC ]
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Penguin Random House will be united under one roof, as Penguin is preparing to join Random House at its 1745 Broadway location in early 2019. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-08-09 00:00:00 UTC ]
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The annual AWP conference opened Thursday at the L.A. Convention Center with nearly 11,000 attendees and a record number of exhibitors. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-04-01 00:00:00 UTC ]
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Post-merger integrations have yielded improved margins at the world's largest trade publisher. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-03-25 00:00:00 UTC ]
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Helped by savings from the further integration of Penguin and Random House, earnings at the world's biggest publisher rose 23.2% last year. 'Girl on the Train' and 'Grey' were among the house's top selling global titles. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-03-22 00:00:00 UTC ]
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Pearson reported that its share of adjusted operating profit from Penguin Random House rose 30% in 2015 over 2014, hitting 90 million pounds from 69 million pounds in 2014. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-02-26 00:00:00 UTC ]
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Markus Dohle, CEO of Penguin Random House, added a video component to his annual year-end letter to employees this year which served to highlight the bestselling and award-winning titles the company published this year as well as the progress the company has made in the integration of Penguin... Continue reading at Publishers Weekly
[ Publishers Weekly | 2015-12-18 00:00:00 UTC ]
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Effective January 1, 2016, all Penguin ebooks purchased by libraries after January 1 will be licensed on a perpetual access model. Continue reading at Publishers Weekly
[ Publishers Weekly | 2015-12-03 00:00:00 UTC ]
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Pearson and Dow Jones have agreed to sell their stakes in Russian newspaper Vedomosti, before legislation restricting foreign ownership in Russia comes into force in the New Year. Continue reading at The Bookseller
[ The Bookseller | 2015-11-21 00:00:00 UTC ]
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Sale marks end of an era for former FT owner as it exits newspaper publishing business after selling its stake to Russian entrepreneur Pearson, which recently agreed to offload the Financial Times, and the publisher of the Wall Street Journal have sold off their stakes in Russian business... Continue reading at The Guardian
[ The Guardian | 2015-11-20 00:00:00 UTC ]
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A number of big bestsellers helped to offset 'weaker' ebook sales in the third quarter, Pearson reported. Continue reading at Publishers Weekly
[ Publishers Weekly | 2015-10-21 00:00:00 UTC ]
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Describe your role My job title is picture book designer but people outside the industry always think that I must illustrate all the books! Unfortunately I’m not that talented (though I do a mean stick man) so I end up describing my job as being an editor for the illustrators. Working in... Continue reading at The Bookseller
[ The Bookseller | 2015-09-26 00:00:00 UTC ]
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Pearson is to keep its stake in Penguin Random House until at least 2017, its c.e.o. John Fallon has said. The company owns 47% of the publishing company, with the other 53% owned by Bertelsmann. In an interview with Bloomberg TV Fallon said it was “unlikely” that Pearson would exercise its... Continue reading at The Bookseller
[ The Bookseller | 2015-09-15 00:00:00 UTC ]
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Sales rose 16.2%, to 1.70 billion euros, and earnings increased 30.2% at Penguin Random House in the first half of 2015 over the same period in 2014. Continue reading at Publishers Weekly
[ Publishers Weekly | 2015-08-31 00:00:00 UTC ]
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