PRH owner Bertelsmann to buy Simon & Schuster in $2bn deal

German media firm, already owner of the giant Penguin Random House, says acquisition of another major publisher is ‘approvable’ within monopoly rulesGerman media group Bertelsmann is set to acquire publisher Simon & Schuster for $2.17bn, less than a year after it took control of Penguin Random House (PRH).Bertelsmann outbid Rupert Murdoch’s News Corp, which owns publisher HarperCollins, in a contest for the company that is home to Dan Brown, Hillary Clinton and Stephen King. ViacomCBS put the company up for sale this year in order to refocus on its online and advertising operations. Continue reading... Continue reading at 'The Guardian'

[ The Guardian | 2020-11-25 16:55:32 UTC ]

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PRH Led in Children’s Picture Book Bestsellers in 2023, While Scholastic Took Top Spot in Fiction

Penguin Random House strengthened its grip on the picture book lists and made gains on the frontlist fiction lists, which Scholastic still rules. Continue reading at Publishers Weekly

[ Publishers Weekly | 2024-02-02 05:00:00 UTC ]
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At PRH, CEO Nihar Malaviya Sets Employee Priorities for 2024

Improving psychological safety, clarity around corporate strategy, and more attention on professional development are the three areas of focus Penguin Random House will prioritize over the two years, according to a memo from global CEO Nihar Malaviya. Continue reading at Publishers Weekly

[ Publishers Weekly | 2024-01-10 05:00:00 UTC ]
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Beware the ‘botshit’: why generative AI is such a real and imminent threat to the way we live | André Spicer

Unless checks are put in place, citizens and voters may soon face AI-generated content that bears no relation to realityAndré Spicer is professor of organisational behaviour at the Bayes Business School at City, University of LondonDuring 2023, the shape of politics to come appeared in a video.... Continue reading at The Guardian

[ The Guardian | 2024-01-03 12:00:01 UTC ]
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Penguin Random House Acquires Self-Help Publisher Hay House

Hay House, founded by the late Louise Hay and acquired by Penguin Random House, has offices in Australia, India, the States, and UK. The post Penguin Random House Acquires Self-Help Publisher Hay House appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2023-12-13 03:58:01 UTC ]
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Penguin Random House Acquires Hay House

Penguin Random House has acquired the self-help and health and wellness publisher, which puts out roughly 100 books a year and boasts a 1,500-title backlist. CEO Reid Tracy will continue to lead the house. Terms of the transaction were not disclosed. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-12-12 05:00:00 UTC ]
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Simon & Schuster Names Its New Board Members

A deep bench of experience, from Penguin Random House and Disney to TikTok and YouTube, is on Simon & Schuster's new board of directors. The post Simon & Schuster Names Its New Board Members appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2023-12-07 21:21:07 UTC ]
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Richard Sarnoff, Madeline McIntosh Among New Simon & Schuster Board Members

Following the purchase of Simon & Schuster by private equity firm KKR, the publisher has named its new board of directors, which includes S&S CEO Jonathan Karp, industry veteran Richard Sarnoff, and former Penguin Random House US CEO Madeline McIntosh. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-12-07 05:00:00 UTC ]
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Penguin Random House Sues the US State of Iowa

Penguin Random House — along with the Iowa State Education Association, authors, students, and educators — is taking Iowa to court for its law against sexual content in books. The post Penguin Random House Sues the US State of Iowa appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2023-11-30 23:47:44 UTC ]
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Penguin Random House, Authors Sue to Block Iowa Anti-LGBTQ Book Banning Law

Penguin Random House and the Iowa State Education Association, along with four bestselling authors and five plaintiffs from the state of Iowa, have sued the state to block key provisions of its sweeping new law banning books with sexual or LGBTQ+ content in schools. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-11-30 00:00:00 UTC ]
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John le Carré’s son to write new George Smiley novel

Nicholas Cornwell will return his father’s best-loved spy to the page in a new novel set between The Spy Who Came in from the Cold and Tinker Tailor Soldier SpyFans of thriller writer David Cornwell – better known by his pen name John le Carré – may have thought they had seen the last of... Continue reading at The Guardian

[ The Guardian | 2023-11-10 14:00:10 UTC ]
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Jaci Updike Is Penguin Random House's First Chief Revenue Officer

The PRH sales veteran has been promoted to the newly created position of chief revenue officer, from president of sales and marketing, at Penguin Random House U.S. The division's Jeff Weber and Michael Rotondo also received promotions. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-11-09 05:00:00 UTC ]
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Penguin Random House Issues a First Diversity Report

PRH's Nihar Malaviya talks of 'an environment where all employees are empowered to grow, succeed, and speak up,' in the US division's first DEI report. The post Penguin Random House Issues a First Diversity Report appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2023-11-04 00:09:33 UTC ]
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Penguin Random House launches high schoolers’ award to combat book bans

The publisher’s $10,000 Freedom of Expression prize invites teens to write about a banned book that changed their life, against a backdrop of rising censorshipPublisher Penguin Random House has launched a new writing award in the US celebrating freedom of expression in response to a rise in... Continue reading at The Guardian

[ The Guardian | 2023-10-24 12:34:56 UTC ]
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Penguin Random House and We Need Diverse Books Open Submissions for the 2024 Creative Writing Awards

The awards partnership between Penguin Random House and We Need Diverse Books will award $60,000 in scholarships. Continue reading at Book Riot

[ Book Riot | 2023-10-18 18:22:57 UTC ]
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Stephen Rubin, Prominent and Punchy Publisher, Dies at 81

Stephen Rubin, the outspoken and influential publishing executive whose publication of works by such authors as Dan Brown, John Grisham, and Michael Wolff made him a force in the book business over the past 40 years, died on October 13 in Manhattan. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-10-14 04:00:00 UTC ]
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Salman Rushdie announces memoir, Knife, about being stabbed in 2022

The author describes the book, subtitled Meditations After an Attempted Murder, as ‘a way to take charge of what happened, and to answer violence with art’Salman Rushdie’s memoir Knife, about being stabbed last year, will be published on 16 April next year, Penguin Random House has announced.The... Continue reading at The Guardian

[ The Guardian | 2023-10-11 13:36:53 UTC ]
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Hardie Grant Sells U.K. Division to PRH UK

Penguin Random House UK has acquired Australia-based publisher Hardie Grant Publishing’s U.K. publishing business, which is comprised of Hardie Grant UK and Quadrille. The sale will have no direct impact on Hardie Grant North America's business. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-10-06 04:00:00 UTC ]
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Children’s Books Edition: PRH’s ‘Banned Wagon’ Rolls Sunday

As Banned Books Week opens its October 1 to 7 run, Penguin Random House is taking some of the most attacked books on the road. By Porter Anderson, Editor-in-Chief | @Porter_Anderson Taking the Fight on the Road t Frankfurter Buchmesse (October 18 to 22), programming on tap in many parts of the... Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2023-09-30 01:09:21 UTC ]
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Nihar Malaviya Made Permanent PRH CEO by Bertelsmann

Praising a strategy for letting PRH publishers work 'more creatively and entrepreneurially,' Bertelsmann's Thomas Rabe announces Nihar Malaviya the company's permanent worldwide CEO. The post Nihar Malaviya Made Permanent PRH CEO by Bertelsmann appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2023-09-19 05:41:40 UTC ]
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Nihar Malaviya Officially Named CEO of Penguin Random House

Malaviya, who was named interim head of the global operations of Penguin Random House following the departure of Markus Dohle at the end of 2022, has officially been named CEO of the world's largest trade publisher. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-09-18 04:00:00 UTC ]
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