Mon, 29/10/2012 - 08:07
Pearson and Bertelsmann have confirmed that Penguin and Random House are to combine into a new consumer publishing organisation, Penguin Random House, with the merger expected to complete in the second half of 2013.
Bertelsmann will own 53% of the new venture and Pearson 47%; Bertelsmann gets five directors on the new board and...
Mon, 29/10/2012 - 08:00
Random House and Penguin chiefs have moved to reassure staff, authors and agents as news of the companies' merger broke this morning (Monday 29th October).
Penguin c.e.o. John Makinson told staff the merger will create "the leading - and emphatically the best - trade publishing company in the world", while Random House...
Thu, 25/10/2012 - 17:17
Pearson has confirmed that it is in talks with Bertelsmann regarding a potential merger between Penguin and Random House. It would be the first major structural shift in the global trade publishing industry since 2006 when French media firm Lagardère acquired Time Warner Book Group, creating Hachette.
In a statement, the UK-...
Wed, 12/09/2012 - 21:00
Bertelsmann chief executive Thomas Rabe has told staff that the group does "not have all the skills required" to profit from the digital shift, according to reports.
Thu, 23/08/2012 - 15:35
Random House parent company Bertelsmann has called a report surfacing in the German media that it is considering a merger with Penguin Books or HarperCollins "speculation".
A paragraph in retail publication Manager Magazin, later...
Wed, 11/07/2012 - 09:00
Random House parent company Bertelsmann has appointed Judith Hartmann to succeed Thomas Rabe as chief financial officer.
Rabe remains as chairman and chief executive officer at the company, having been additionally holding the financial role since 1st January.
Hartmann will take up her appointment before the end of 2012, and...
Wed, 30/05/2012 - 10:45
Random House parent company Bertelsmann has appointed Bertram Stausberg as the new chief executive officer of the independent print unit being established by the publisher.
Stausberg will also simultaneously hold the position of c.e.o. of the printing company Prinovis. He is currently m.d. of Prinovis' northern German sites at...
Wed, 09/05/2012 - 09:21
Random House parent company Bertelsmann has reported an increase in revenues in its first quarter results, as well as an increase of group profit of more than €50m (£40.2m).
Group profit was up to €147m from €94m in the first three months of 2012, with operating earnings before interest and tax [EBIT] rising to...
Wed, 28/03/2012 - 10:27
Random House Group UK c.e.o. Gail Rebuck has emphasised the importance of "building direct relationships with readers", as parent company Bertelsmann vowed to "reshape" the group over the next five to 10 years.
In audited results covering 2011, Bertelsmann confirmed...
Thu, 09/02/2012 - 09:46
Random House parent company Bertelsmann has reported slight revenue growth for the 2011 fiscal year, up to €15.3bn (£12.8bn) from €15.1bn (£12.6bn) in 2010, with "rapidly growing e-book sales" offset by losses in other areas of the business which contributed to a slight drop in operating profit.