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Posts tagged Pearson

Pearson Pulls Back in Australian Education
July 18, 2013 | 1:00 pm

PearsonAn announcement from Pearson Australia, the Oz arm of Pearson PLC, ultimate part-owner of the new Big Five publishing behemoth Penguin Random House, indicates that the trade and educational publishing giant is not having things all its own way everywhere. Pearson Australia has decided to pull back from vocational training and trade education print work, as part of broader changes "being made in order to create a more nimble organisation that is able to respond more quickly to the needs of our customers"—with 75 announced redundancies. From the announcement: "The changes will take place across the business and include consolidating our print and...

Penguin Random House publishing merger: All your books are belong to us
July 1, 2013 | 1:01 pm

Penguin Random HouseThe Big Six today officially became the Big Five, with the formal announcement that UK publishing giant Pearson PLC and German media conglomerate Bertelsmann SE & Co. KGaA have completed the JV merger of Penguin and Random House, to create ... wait for it ... Penguin Random House. The Pearson release declares that this: "will be the first truly global publishing company with operations in the US, Canada, UK, India, South Africa, Australia, New Zealand, Spain, Mexico, Argentina, Uruguay, Colombia and Chile." According to the Bertelsmann release, "Penguin Random House will employ more than 10,000 people worldwide across almost 250 imprints, and...

Digital Publishing in 2013 — Meet the New Seven Sisters
January 2, 2013 | 12:56 pm

  By David Wogahn There seemed to be a sigh of relief the last few months of 2012 as the trade publishing establishment trumpeted the slowing growth of e-book sales. It may indeed be slowing, but the pain of adjusting to new economies of scale, changing consumer habits, technology adoption and lack of business model options are even bigger threats to the independence of large traditional publishers. The digital revolution has had an undeniable impact on how businesses operate. Costly technology and complex analog media production (music, publishing, film) are no longer the purview of large organizations. With lower technology costs and easy...

Financial Journalists Weigh in on the B&N Nook
December 31, 2012 | 2:48 pm

New York Stock Exchange Barnes & Noble NOOK Media division PearsonWe aren't normally in the business of sharing stock picks here at TeleRead. But for the past three days, one of the biggest stories on the e-reading beat has been the news that Pearson—the British educational media company that owns the Financial Times and the Penguin Group—just invested $89.5 million in Barnes & Noble's Nook Media division, equalling a five percent equity stake. Business publications and financial journalists, of course, have responded en masse by sharing their own opinions about which companies in the e-reading space are headed for greatness, and which ones may have taken too many financial missteps already. As a...

Penguin, Random House Merger Shows E-Books Dominate
October 31, 2012 | 11:00 am

So two of the largest publishers in the world are merging their book arms entirely to deal with "this exciting, fast-moving world of digital books and digital readers," to quote Pearson CEO Marjorie Scardino. Could there be any clearer proof that e-books are where the action is, and that the print-only model is truly over? What price print Luddism now? What does everyone else think?...

Indiana University Signs Pearson into eTexts Program
May 15, 2012 | 8:15 am

Screen Shot 2012 05 14 at 9 48 55 AM From Campus Technology: Indiana University has signed a deal with Pearson as part of the institution's sizable eTexts@IU initiative. Pearson is one of just a few major publishers that have been holdouts on the digital textbook project, which allows faculty to choose those over printed textbooks in order to obtain a reduced price on the curriculum for students. The news was hinted at recently in an article about eTexts@IU on campustechnology.com. The eTexts pilot began in 2009 and spread to all eight Indiana U campuses in 2011. Students and faculty access the materials through Courseload, an online platform that allows students to...

Penguin parent company reassures stockholders about DoJ case in financial statement
April 29, 2012 | 8:15 pm

Pearson, the parent company of publisher Penguin, has released an interim management statement, as it is undoubtedly required to do every so often. Much of it isn’t of direct interest to e-book fans, but there is a paragraph on the book publishing industry and the DoJ lawsuit: Following several years of particularly strong performance relative to the overall consumer books market, we expect Penguin to perform in line with its industry this year. It will benefit from its consistently strong publishing schedule, which is more concentrated in the second half this year, and its strong position...

Thanks to e-books, publishers’ revenues are down but profits are up
March 31, 2012 | 9:31 pm

The other day, I mentioned a survey showing that the growth of e-books has reduced the overall value of the book publishing market in the UK, and wondered what the figures might look like for the US. While the figures don’t measure precisely the same thing, Laura Hazard Owen reports on PaidContent that some figures released in publishing conglomerates Bertelsmann (Random House) and Pearson (Penguin) show that, thanks to the broad adoption of e-books, publishing revenues are lower but profits are higher. In other words, publishers are making a better profit even though they’re taking less money in, because...

Pearson and the Eminata Group Launch North America’s Largest iPad-Based eTextbooks Initiative for Postsecondary Institutions
August 30, 2011 | 10:32 am

GI 128166 Pearson LWS Blue RGB Lo From the press release: Pearson, the world’s leading learning company, and the Eminata Group, Canada’s largest provider of independent, post-secondary education, today announced that students at institutions under the Eminata umbrella will receive all of their course content via the Apple iPad. The agreement is the largest postsecondary institutional initiative for iPad-based eTextbooks in North America. Beginning September 1, 2011, students at CDI College, Vancouver Career College and Reeves College will begin receiving all of their course content via Pearson’s eText for iPad app. Hundreds of Pearson textbooks will be delivered in the eText...

Penguin’s parent company buys Borders, Angus & Robertson websites in Australia
July 5, 2011 | 8:19 am

While Amazon was buying up The Book Depository, Pearson Australia, the parent company of Penguin Books, was busy negotiating with REDgroup to buy Australia's Borders and Angus & Robertson websites. Other booksellers are now calling for an investigation by the Australian Competition and Consumer Commission (ACCC) to ensure that the deal won't give Penguin an unfair competitive advantage in the tightly controlled Australian market. From The Canberra Times: The acquisition, which has been in the works for just three weeks and is due to take effect on July 28, indirectly places one of the nation’s largest book publishers in competition with its...

Inkling etextbook publisher gets major investment
March 23, 2011 | 9:17 am

Screen shot 2011 03 23 at 9 16 46 AM Inkling is a publisher of etextbooks that makes interactive textbooks for the iPad.  According to the NY Times both McGraw-Hill and Pearson are making investments in the company.  Total amounts were not disclosed. Pearson will make two dozen of its textbooks available and McGraw-Hill will add its top 100 college titles and some medical and reference books.  Inkling hopes to have 100 textbooks available by the fall. More info in this NY Times Bits article.  ...

Quick note: Pearson publishing group’s sales boosted by ebooks
October 25, 2010 | 9:29 am

quick note.pngAccording to the BBC the first nine months of sales were up on strong demand for ebooks. Sales of ebooks rose threefold and sales at Penguin rose 5% thanks to the success of the ebook market....