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 option to sell its stake “at this time”. “The business is doing well, and we are one year away from achieving peak synergies,” he said. Continue reading at 'The Bookseller'
[ The Bookseller | 2015-09-15 00:00:00 UTC ]
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Pearson reported a contribution to earnings of 78 million pounds from Penguin and Penguin Random House in 2013. Continue reading at Publishers Weekly
[ Publishers Weekly | 2014-02-28 00:00:00 UTC ]
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Guardian, Observer and theguardian.com publisher to invest sale proceeds, thought to be £600m to £700m, in core businessGuardian Media Group is selling its 50.1% stake in Auto Trader owner Trader Media Group to private equity firm Apax Partners in a deal thought to be worth £600m to £700m to the... Continue reading at The Guardian
[ The Guardian | 2014-01-21 00:00:00 UTC ]
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The Rights House co-chief executive Michael Foster has sold his controlling stake in the literary... Continue reading at The Bookseller
[ The Bookseller | 2013-05-28 00:00:00 UTC ]
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Publishers often want to work closely with ebook outlets -- possibly a little too closely -- but it's rare that they involve themselves directly. Pearson is taking that uncommon step by making a 5 percent, $89.5 million investment in Nook Media, the joint venture between Barnes & Noble and... Continue reading at Engadget
[ Engadget | 2012-12-29 00:00:00 UTC ]
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Media content group Chorion has sold its 64% stake in the Agatha Christie estate to US media... Continue reading at The Bookseller
[ The Bookseller | 2012-03-01 00:00:00 UTC ]
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Written By: Graeme Neill Publication Date: Mon, 03/10/2011 - 15:21 Canongate has sold its controlling stake in Australian publisher Text Publishing to Maureen and Tony Wheeler, the founders of Lonely Planet. The deal, for an undisclosed sum, generates a "sizeable" amount of cash to invest into... Continue reading at The Bookseller
[ The Bookseller | 2011-10-03 00:00:00 UTC ]
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Written By: Bookseller Staff Publication Date: Tue, 01/03/2011 - 08:25 Pearson has begun a legal process to ascertain whether the stake held by its fifth biggest shareholder, the Libyan Investment Authority, needs to be frozen after the government moved to freeze the assets of Muammar Gaddafi... Continue reading at The Bookseller
[ The Bookseller | 2011-03-01 00:00:00 UTC ]
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Penguin Random House UK was planning to close its Grantham Book Services warehouse as it shuts down its third-party distribution business. But the facility will now be converted into a hub for PRH US to service is U.K. and European retailers. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-02-23 05:00:00 UTC ]
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As the Department of Justice’s case against the proposed acquisition of Simon & Schuster by Penguin Random House entered its third week, the defense called PRH US CEO Madeline McIntosh, plus merger and acquisition executives from ViacomCBS and PRH, to the stand to discuss why approval of the... Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-08-16 04:00:00 UTC ]
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After a lengthy presentation by Manuel Sansigre, PRH's global v-p for mergers and acquisitions, Judge Florence Pan decided to exclude his testimony, ruling that the data had not been independently verified. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-08-16 04:00:00 UTC ]
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As the government's case against Penguin Random House's acquisition of Simon & Schuster winds down, Macmillan CEO Don Weisberg and government economist Nicholas Hill laid out reasons why they are concerned about the impact of the proposed merger. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-08-09 04:00:00 UTC ]
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Headquartered in Miami, Penguin Random House Español dedicates more than 20 employees to PRH's Spanish-language content. The post Vintage Español Joins PRH Grupo Editorial USA To Create PRH Español appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2020-11-09 16:41:37 UTC ]
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Fantasy author accuses the online giant of using its market dominance ‘to control what we write and what we read’The grande dame of fantasy Ursula K Le Guin has weighed in forcefully to the debate about Amazon’s role in publishing. In a blogpost on the site Book View Cafe, entitled “Up the... Continue reading at The Guardian
[ The Guardian | 2015-06-03 00:00:00 UTC ]
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Literary scout Simone Garzella looks at what's selling in the the Arabic book market how the region continues to evolve amidst some troubled times. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2014-02-10 00:00:00 UTC ]
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Peel police say a joint task force investigating a multimillion-dollar gold heist at Pearson airport last year has arrested multiple people, laid 19 related charges and interrupted a "large quantity of firearms" intended for import into Canada in connection with the case. Continue reading at CBC
[ CBC | 2024-04-17 11:01:09 UTC ]
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A year ago, police revealed that a massive amount of gold and money had been stolen from a warehouse at Toronto's Pearson airport. Despite intensive investigative efforts, no arrests have been made and the valuable cargo is still unaccounted for. Continue reading at CBC
[ CBC | 2024-04-14 08:00:00 UTC ]
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The YA novelist talks about her early love of Tomb Raider, true crime and fangirling the cast of the BBC adaptation of A Good Girl’s Guide to MurderA few minutes into our conversation, bestselling author Holly Jackson is convinced she’s spotted the American singer Nick Jonas. It would be... Continue reading at The Guardian
[ The Guardian | 2024-03-30 11:00:08 UTC ]
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Pete Stavros, co-head of global equity for KKR, said that it will be at least five years before the private equity firm considers selling Simon & Schuster, which it bought last fall. Stavros added that he has many hopes for what S&S can accomplish before he looks for a new home for the... Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-02-15 05:00:00 UTC ]
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Annoreno, who has been with Penguin Random House for more than 35 years and oversaw the company's Westminster, Md.–based distribution operation, will retire on October 1, with Tina Ruppert tapped to succeed him. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-02-07 05:00:00 UTC ]
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