Pearson reports 9% revenue drop; PRH has ‘solid’ 2018
UK educational publisher Pearson, which owns a 25% stake in Penguin Random House (PRH), has reported company-wide results showing its 2018 revenue fell by 9% to £4.13 billion (A$7.61bn), reports...
Pearson sells US textbook business
UK educational publisher Pearson is selling its US textbook business to private equity group Nexus Capital Management and is shifting its focus to digital, reports the Financial Times. Pearson's US K12...
Pearson to cut 4000 jobs
Pearson will cut 4000 jobs—around 10% of its global workforce—by the middle of 2016, reports the Bookseller. The publisher announced the news in a trading update on 21 January, blaming...
Pearson records drop in sales, small profit increase in 2014
Pearson has recorded £4.9bn (A$9.7bn) in sales in 2014, down 4% or £195m (A$386m) from 2013, according to its unaudited financial results. Profits are up 1% over the same period to £720m (A$1.42bn)....
Penguin Random House results
Bertelsmann, which owns 53% of the recently merged entity Penguin Random House, has released its annual financial report. The report ‘reflects a full year of Random House … and a...
International Library News
Report finds two-thirds of Americans engaged with public librariesThe Pew Research Center in Washington DC has released a report on library use in the US that states that more than two-thirds...
Pearson appoints new MD for Greater China
Hera Sui has been appointed as the new managing director for Pearson Greater China, Pearson announced in a statement. Sui joins Pearson from enterprise software firm SAP, where she was...
Cengage acquires rights to future editions of Pearson vocational titles
Cengage Australia has announced that it has acquired the rights to future editions of all vocational education titles published by Pearson Australia. Paul Petrulis, vice president of higher education and Gale...
Pearson invests in English-language education platform Voxy
In the US, Pearson has announced ‘a strategic investment and commercial partnership’ with Voxy, an English-language education platform. Pearson said in a statement that it is now a minority shareholder...
Pearson to close SA, WA, QLD offices
Pearson Australia has confirmed to Books+Publishing that it will close its offices in Adelaide, Perth and Brisbane as part of a major restructure of its educational publishing business, announced earlier...
Keane leaves Pearson New Zealand
Adrian Keane finished in his role of managing director of Pearson New Zealand in June as part of the closure of the Pearson educational publishing business in New Zealand. Keane,...
Edify appointed Pearson distributor in New Zealand
Edify, a new distribution company founded by former managing director of Pearson New Zealand Adrian Keane, will take over the sales and distribution of Pearson’s educational products in New Zealand in...
Pearson, Elsevier to create ‘next generation’ digital education content with Inkling
In the US, educational publishers Pearson and Elsevier have signed agreements with software platform Inkling to create ‘next generation’ digital education content, reports Publishers Weekly. Inkling specialises in creating multimedia...
‘75 positions potentially redundant’ after Pearson Australia restructure
Pearson Australia has announced a major restructure of its educational publishing activities, which could result in as many as 75 redundancies in the organisation. The publisher said in a statement...
Pearson to close NZ education business
Pearson has announced that it will close its educational publishing business in New Zealand by the end of August. Pearson Australia and New Zealand CEO David Barnett said in a...
Pearson to review New Zealand education operations
Pearson has announced that it is reviewing its educational publishing business in New Zealand and may close its New Zealand office. The publisher said in a statement this week that...
EU findings on Penguin Random House merger due in April
The European Union will release its initial decision on the proposed merger of Penguin and Random House by 5 April, reports the Bookseller. The EU’s antitrust regulators are currently investigating whether...
Sales up at Penguin Australia in 2012; ebooks account for 17.5% of Penguin’s global revenues
Penguin Australia gained overall market share in 2012 and recorded higher sales than 2011, according to chief executive officer Gabrielle Coyne. Coyne told Books+Publishing that Penguin ‘had a strong sales...
Pearson to work with education technology start-ups
In the UK, Pearson has launched Pearson Catalyst, an incubator program to help education technology start-up businesses break into the global education market, reports the Bookseller. The program will target ‘dynamic’ and...
Penguin Random House merger approved in US; Australian, NZ reviews findings expected in March
The United States Department of Justice (DOJ) has completed its review of the proposed merger of Penguin and Random House, clearing the merger of the two publishers ‘unconditionally’. Thomas Rabe,...