PRH Adds 24 Million Pounds to Pearson Profits

Penguin Random House contributed 24 million pounds in operating profit to Pearson in the first half of 2015, up from 18 million pounds in the same period in 2014. Continue reading at 'Publishers Weekly'

[ Publishers Weekly | 2015-07-24 00:00:00 UTC ]
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Profits at PRH Rise, on Small Sales Gain, in First Half of 2017

Strong print and audio sales at Penguin Random House countered soft ebook sales to increase revenue 1.1% in the first half of the year. Earnings at the publisher rose 11.4%. Continue reading at Publishers Weekly

[ Publishers Weekly | 2017-08-31 00:00:00 UTC ]
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PRH Buys Spain's Ediciones B for Rumored €40 Million

Penguin Random House has agreed to buy major Barcelona-based publisher Ediciones B for a rumored €40 million, further consolidating its power in Spanish-language markets. Continue reading at Publishers Weekly

[ Publishers Weekly | 2017-04-07 00:00:00 UTC ]
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PRH Opts to Publish $65 Million Obama Books Globally

The pair of books that Penguin Random House recently bought by Barack and Michelle Obama, for a reported $65 million, will be released globally by the publisher. Continue reading at Publishers Weekly

[ Publishers Weekly | 2017-03-13 00:00:00 UTC ]
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Pearson profit warnings wipe almost £2bn off its value

Education giant plans sale of stake in Penguin Random House to Bertelsmann as it cuts payout to shareholdersAlmost £2bn was wiped from the stock market value of Pearson after the beleaguered FTSE 100 company issued profit warnings for the next two years and said it would cut its payout to... Continue reading at The Guardian

[ The Guardian | 2017-01-18 00:00:00 UTC ]
More news stories like this | News stories tagged with: #47% stake #pearson chief #stock market #profits warnings #redundancy fears


Pearson shares fall 30% on profits and dividend warning

The educational publisher Pearson has warned of an "unprecedented" fall in sales in the US. Continue reading at BBC News

[ BBC News | 2017-01-18 00:00:00 UTC ]
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Will the Pearson chief be brought to book over profits warnings? | Nils Pratley

John Fallon has presided over a string of mishaps at the educational giant and a plunge in the share priceForecasting is difficult, especially about the future, as the old line goes – but is it quite as hard as John Fallon, chief executive of Pearson, makes it seem?Two errors in 2016 were... Continue reading at The Guardian

[ The Guardian | 2017-01-18 00:00:00 UTC ]
More news stories like this | News stories tagged with: #pearson chief #students enrolling #profits warnings #john fallon #educational publishers


PRH Had 'Solid' First Half, Pearson Says

Pearson, which has a 47% stake in Penguin Random House, reported that Increased benefits from the integration of Penguin and Random House offset "reduced demand" for ebooks. Continue reading at Publishers Weekly

[ Publishers Weekly | 2016-07-29 00:00:00 UTC ]
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Indigo Posts C$28 Million Profit in Fiscal 2016

Revenue rose 11.0% over fiscal 2015, to C$994.2 million, and the chain had net earnings of C$28.6 million in fiscal 2016 compared to a loss of C$3.5 million in fiscal 2015. Continue reading at Publishers Weekly

[ Publishers Weekly | 2016-05-31 00:00:00 UTC ]
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PRH records revenue and profit jump

Penguin Random House global revenues rose 11.8% in 2015 to €3.7bn (up from €3.3bn the previous year), with operating EBITDA rising by 23.2% to €557m (€452m in previous year). Continue reading at The Bookseller

[ The Bookseller | 2016-03-23 00:00:00 UTC ]
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Pearson to cut 4,000 jobs after second profit warning in three months

World’s biggest education publisher aims to make £350m in cost savings by the end of 2017Pearson is to cut 4,000 jobs after issuing its second profit warning in three months. The world’s biggest education publisher said it aimed for annual savings of £350m by the end of 2017 and it would end its... Continue reading at The Guardian

[ The Guardian | 2016-01-21 00:00:00 UTC ]
More news stories like this | News stories tagged with: #profit warning #cost savings


Pearson shares slide after profits warning

Education publisher, which is in the process of selling off the Financial Times, blames ‘challenging’ market as it suffers biggest share price fall since 1987Pearson suffered its biggest share slump in decades on Wednesday as the education publisher’s stock price crashed almost 16% after issuing... Continue reading at The Guardian

[ The Guardian | 2015-10-21 00:00:00 UTC ]
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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... Continue reading at The Bookseller

[ The Bookseller | 2015-09-15 00:00:00 UTC ]
More news stories like this | News stories tagged with: #john fallon


Ness's Fundraiser Raises Half a Million Pounds for Save the Children

American-born English author Patrick Ness's fundraising appeal for Save the Children, instigated last week with his offer to match up to £10,000, has now raised more than half a million pounds. Continue reading at Publishers Weekly

[ Publishers Weekly | 2015-09-08 00:00:00 UTC ]
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Pearson Set to Offload Economist Stake for 400M Pounds

Pearson is expected to announce the sale of its stake in the publisher of The Economist magazine as early as this week for about £400m, according to people close to the matter.   The De Rothschild family and Exor, the investment vehicl ... Continue reading at Editor & Publisher

[ Editor & Publisher | 2015-08-10 00:00:00 UTC ]
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Slimmer Scholastic Reports $15 Million in Profits

Scholastic reported revenue of $1.63 billion in the fiscal year ended May 31, 2015. The company reported earnings from continuing operations of $15.5 million, compared to $13.3 million in fiscal 2014. Continue reading at Publishers Weekly

[ Publishers Weekly | 2015-07-23 00:00:00 UTC ]
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PRH adds to ‘A Puffin Book’ list

Penguin Random House Children’s is adding books by Noel Streatfeild, Erich Kastner and Anne Fine to its A Puffin Book list of classic children’s titles.   PRH launched A Puffin Book last year to replace Puffin Modern Classics and is adding 20 further titles to the list in July.   Continue reading at The Bookseller

[ The Bookseller | 2015-06-23 00:00:00 UTC ]
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'Good' first quarter for PRH in Pearson results

Pearson has said trading for the first three months of 2015 has been in line with expectations, with a "good" first-quarter performance from Penguin Random House boosted by "million-copy" sales for The Girl on the Train. Pearson's underlying sales for the quarter were down 1% to... Continue reading at The Bookseller

[ The Bookseller | 2015-04-25 00:00:00 UTC ]
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Books-A-Million Continues to Add More Items

The sale of nonbook items rose at Books-A-Million in 2014, compared to 2013, as the retailer continued to diversify its inventory mix in response to a decline in print books, the company reported in its 10-K filing with the Securities & Exchange Commission. Continue reading at Publishers Weekly

[ Publishers Weekly | 2015-04-24 00:00:00 UTC ]
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Pearson appoints new c.f.o. as 2014 profits fall

Pearson has appointed a new chief financial officer (c.f.o.) after reporting a sales drop of 4% in 2014. The company has appointed Coram Williams to the role of c.f.o. from Penguin Random House, where he is currently holding the same title. He will start in the job on the 1st August, replacing... Continue reading at The Bookseller

[ The Bookseller | 2015-02-28 00:00:00 UTC ]
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Distribution: PRH Adds Legendary Comics

Legendary Comics, a division of Legendary Entertainment, announced that it has entered into a multi-year sales and distribution agreement with Penguin Random House Publisher Services. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-06-03 00:00:00 UTC ]
More news stories like this | News stories tagged with: #distribution agreement #legendary entertainment