Mon, 06/07/2009 - 10:59
Penguin UK is to make about 100 people redundant from its London office, about 10% of its workforce, the largest cuts seen among the top UK publishers. The publisher has also announced the retirement of Helen Fraser, managing director of Penguin UK, who will leave at the end of this year. Penguin General m.d. Tom Weldon will replace her as...
Fri, 03/07/2009 - 05:42
Pearson has appointed Genevieve Shore to the new position of director of digital strategy for the whole group. Effective from 1st September Shore will co-ordinate the company's digital strategy.
She has for the past two years served as Penguin's group digital director, and in her new role will perform a similar role across...
Tue, 30/06/2009 - 09:43
Well, somebody had to tell it. Peter Kindersley says that he has been asked several times to write the story of the company he co-founded, but he cannot bring himself to do it. As the only other board member to have survived the quarter century of Dorling Kindersley’s life as an independent company, it therefore fell to me to chronicle...
Wed, 24/06/2009 - 10:53
Pearson has been awarded the Gold Standard in the 2009 Race for Opportunity (RFO) benchmarking survey. The publisher was ranked second out of 44 participating organisations, up from sixth place in 2008. RFO is a network of private and public sector organisations working across the UK to promote
the business case for race and diversity....
Wed, 24/06/2009 - 07:31
Educational publisher Pearson has increased its presence in India with an investment worth $30m (£18m) in two of the country's leading education companies. Pearson has acquired a 50% ownership stake in Educomp Solutions' vocational training business, through which it has established a joint venture to offer vocational and skills...
Tue, 02/06/2009 - 03:15
Pearson, the educational publisher, has held preliminary talks with Prisa, the Spanish media group, over the possible purchase of a stake in Santillana, Prisa’s publishing house and a market leader in school textbooks in Spanish-speaking Latin America, reports the FT.
It is understood that Prisa could be looking to sell up to 30...
Fri, 01/05/2009 - 08:15
Trading conditions for book publishers and booksellers remain "challenging" for Penguin according to Pearson’s interim management statement, released today (1st May) ahead of its a.g.m.
Demand for new fiction and non-fiction was "generally good" and digital growth "very strong", but "illustrated...
Tue, 21/04/2009 - 06:37
Pearson has been rebuffed after sounding out investors last week about raising £270m in cash for acquisitions, reports the FT.
The company asked some of its largest shareholders whether they would support a placing of new shares equivalent to 5% of the group, telling them it wanted to use the money for unnamed acquisition...
Wed, 15/04/2009 - 05:58
Pearson has paid $145m in cash for the China-based English-language provider Wall Street English. The deal makes Pearson China's second-largest private language training company by revenues, based on Pearson estimates, and takes Pearson's annual education sales in China (excluding Hong Kong) to more than $100m.
Launched in 2000,...
Mon, 16/03/2009 - 09:05
Top executives at publishers Reed Elsevier and Pearson saw their salaries fall in 2008, according to accounts released by the publicly-quoted groups. Nevertheless, both chief executives of the two groups earned more than £2m in the year.
Pearson chief executive Marjorie Scardino, and top earner, made £2.1m, including a...