Pearson will not sell PRH stake until 2017

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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Other Publishing stories related to: 'Pearson will not sell PRH stake until 2017'

DOJ v PRH: Agents Have Their Say

In a day dominated by testimony from some of publishing's leading agents, the overall theme was that the biggest advance is not the only thing that is important in reaching an agreement with a publisher, and that these agents believe that S&S authors would benefit from becoming part of PRH. Continue reading at Publishers Weekly

[ Publishers Weekly | 2022-08-12 04:00:00 UTC ]
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DOJ v. PRH: Agents, Publishers Move Center Stage

As attorneys for Penguin Random House and Simon & Schuster took their turn to defend PRH's purchase of S&S, William Morris Endeavor's Jennifer Rudolph Walsh, Gallery publisher Jennifer Bergstrom, and Norton's John Glusman found themselves in the witness chair. Continue reading at Publishers Weekly

[ Publishers Weekly | 2022-08-11 04:00:00 UTC ]
More news stories like this | News stories tagged with: #simon schuster #penguin random house

DOJ v PRH: Brian Murray Still Wants S&S at HarperCollins

HarperCollins CEO Brian Murray, testifying in the trial over whether the Penguin Random House-Simon & Schuster sale will go through, said he was “shocked” by the price PRH offered for S&S. Later in the day, the defense cross-examined the government's economic witness. Continue reading at Publishers Weekly

[ Publishers Weekly | 2022-08-10 04:00:00 UTC ]
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Axios to Sell Itself to Cox Enterprises for $525 Million

The digital media company’s founders, Jim VandeHei, Mike Allen and Roy Schwartz, will continue to run the company. Continue reading at The New York Times

[ The New York Times | 2022-08-08 14:16:30 UTC ]
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Winnipeg-bound passengers given mats, left to sleep on floor at Toronto Pearson airport

After several flight delays, passengers flying out of Toronto's Pearson airport were made to sleep on the floor when their flights to Winnipeg were finally cancelled around midnight on Sunday morning.  Continue reading at CBC

[ CBC | 2022-08-08 12:16:55 UTC ]
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DOJ v. PRH: All Our Coverage

A compilation of PW's coverage of the DOJ's bid to block Penguin Random House's acquisition of rival Big Five publisher Simon & Schuster. Continue reading at Publishers Weekly

[ Publishers Weekly | 2022-08-05 04:00:00 UTC ]
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DOJ v. PRH: Markus Dohle's Silicon Valley of Media

In roughly five hours of testimony on Thursday, Penguin Random House CEO Markus Dohle jousted with government lawyers over PRH's market share, his commitment to allow PRH and S&S editors to bid on the same books if the merger is completed, and other issues tied to what the impact of a... Continue reading at Publishers Weekly

[ Publishers Weekly | 2022-08-05 04:00:00 UTC ]
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DOJ v PRH: Karp's Second Day of Testimony

Simon & Schuster Jonathan Karp was again the featured witness as PRH attorneys pressed their case that the merger of the two companies would be good for S&S's authors. Morrow's Liate Stehlik and Michael Jacobs of Abrams also took the witness stand. Continue reading at Publishers Weekly

[ Publishers Weekly | 2022-08-04 04:00:00 UTC ]
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College textbook maker Pearson eyes NFTs to claim a cut of second-hand sales

NFT advocates often tout the technology's ability to grant the creator a cut of second-hand sales as one of its major attributes. Artists can earn from one of their digital creations years after first selling it. Others are looking at NFTs to earn a buck from the secondary market too, including... Continue reading at Engadget

[ Engadget | 2022-08-03 20:10:20 UTC ]
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DOJ v PRH: Jonathan Karp and Stephen King Take the Stand

Day two of the DOJ's trial to block PRH from acquiring S&S featured a little star power: bestselling author Stephen King. In terms of the case before the court, however, the highlight of the day was the testimony of S&S CEO Jonathan Karp. Continue reading at Publishers Weekly

[ Publishers Weekly | 2022-08-03 04:00:00 UTC ]
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The PRH-S&S Acquisition Case Goes to Court

The United States' Department of Justice is suing to block the Penguin Random House-Simon & Schuster merger deal struck in late 2020. The post The PRH-S&S Acquisition Case Goes to Court appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2022-08-01 13:55:05 UTC ]
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Toronto's Pearson airport has a PR problem: It's known as the worst airport in the world

Following mass complaints about line-ups, flight disruptions and missing baggage at Pearson International Airport, some tourism groups fear travellers may choose to bypass Toronto. Continue reading at CBC

[ CBC | 2022-07-29 08:00:00 UTC ]
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In Final Briefs, DOJ, PRH Flesh Out Arguments Ahead of Trial

Attorneys for both parties filed a host of final briefs on July 22, including their individual pre-trial statements and briefs on a handful of lingering (but potentially significant) evidentiary question likely to be settled early this week. Oral arguments in the case are set to begin on August 1. Continue reading at Publishers Weekly

[ Publishers Weekly | 2022-07-24 04:00:00 UTC ]
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Showdown: DOJ’s Bid to Block PRH Acquisition of S&S Is Heading to Trial

With oral arguments set to begin on August 1, the closely watched case holds major implications for a publishing industry grappling with consolidation and for government regulators facing growing calls for more vigilant antitrust enforcement. Continue reading at Publishers Weekly

[ Publishers Weekly | 2022-07-22 04:00:00 UTC ]
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PRH Announces Michelle Obama's New Book

Former First Lady and bestselling author Michelle Obama's next book, 'The Light We Carry: Overcoming in Uncertain Times,' will be released on November 15. Continue reading at Publishers Weekly

[ Publishers Weekly | 2022-07-21 04:00:00 UTC ]
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Stephen King, Andrew Solomon, and a bunch of agents are set to testify in the PRH antitrust trial.

The federal government’s civil suit to block the acquisition of Simon & Schuster by Penguin Random House is chugging along, with the trial set to begin on August 1. Exhibits to the joint pretrial motion, filed July 15, included lists of witnesses for both sides. Witnesses for both sides... Continue reading at Literrary Hub

[ Literrary Hub | 2022-07-20 16:13:34 UTC ]
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'Chaos' at Toronto's Pearson airport could continue until end of August, ex-Air Canada exec says

Extremely long wait times being experienced by arriving and departing passengers at Toronto Pearson Airport are likely to continue until Labour Day, a former Air Canada executive said Wednesday. Continue reading at CBC

[ CBC | 2022-06-08 17:55:58 UTC ]
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Russian plane grounded at Pearson airport racks up massive parking bill

A Russian cargo plane stranded at Toronto Pearson International Airport is racking up parking fees of more than $1,000 per day. Continue reading at CBC

[ CBC | 2022-06-02 18:22:24 UTC ]
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Baker & Taylor Sells U.K. Division

A little more than six months after acquiring Baker & Taylor from the Follett Corp., new owner Amandeep Kochar sold Baker & Taylor UK to the Little Group, parent company of the U.K.'s largest wholesaler, Gardners. Continue reading at Publishers Weekly

[ Publishers Weekly | 2022-05-31 04:00:00 UTC ]
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Ukrainians stranded at Pearson Airport forced to rely on the kindness of strangers on social media

A lack of information from the federal government has forced some Ukrainians fleeing the war to turn to social media for help when they land at Toronto's Pearson Airport. Continue reading at CBC

[ CBC | 2022-05-12 09:00:00 UTC ]
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