Fri, 29/10/2010 - 05:37
Educational publisher Pearson has launched a reading programme for schools, Bug Club, available entirely as electronic resources and e-books. Bug Club is also available in physical book form as trials have shown that schools still prefer physical books to the cheaper online alternative.
Lindsay Nadin, acting head of publishing for...
Mon, 25/10/2010 - 09:30
Sales growth of 5% at Penguin and 7% in education has led Pearson to increase sales by 7% and adjusted operating profit by 15%, in its latest interim management statement.
For the nine months to 30th September, it said demand in some markets remained subdued and the macroeconomic outlook still uncertain. At Penguin it said physical...
Thu, 29/07/2010 - 11:34
Pearson is to buy adult English training service Wall Street Institute from an affiliate of the The Carlyle Group and Citi Private Equity for $92m in cash.
Wall Street Institute uses a proprietary learning model combining web-based content, class-based instruction and digital and printed learning materials and has roughly 340...
Tue, 27/07/2010 - 09:57
The Independent carries two competing analyses of Andrew Wylie's move to create a digital-only imprint, bypassing publishers in favour of better royalties for his authors.
Meanwhile, a US bookseller has come up with a novel way of objecting to the Wylie deal. Square Books in Oxford, MI is featuring a window display of books...
Tue, 27/07/2010 - 07:06
Pearson's share price rose more than 5% yesterday (26th July) with a strong first-half helping to push the share price beyond £10, after the group posted a 79% increase in adjusted operating profit to £178m.
Commentators and analysts welcomed the results, with good performances from Pearson Education, Penguin and the ...
Mon, 26/07/2010 - 12:01
Penguin Group chairman and chief executive John Makinson has played down literary agent Andrew Wylie's new e-publishing venture Odyssey, saying he did not believe it was "a cosmic issue".
Speaking this morning as...
Mon, 26/07/2010 - 11:47
Publishers will be obliged to raise digital royalty rates for authors, the chief executive of Pearson has said.
Speaking at a press conference covering Pearson's interim results, Marjorie Scardino said the industry was still in "the foothills" of the transition to digital books, but added "we will see a rise in...
Mon, 26/07/2010 - 09:34
Penguin has raised sales 9% and doubled its profits in its half-year helping it to "record" first half profits, while sister company Pearson International Education grew by 13%, with operating profits up 57%.
The results helped Pearson c.e.o. Marjorie Scardino claim that the group had made as "good a start to our year as...
Mon, 19/07/2010 - 09:25
Random House chief executive Dame Gail Rebuck and Pearson chief executive Marjorie Scardino have both risen in the ranks of MediaGuardian's top 100 media moguls.
Rebuck, who is the highest placed representative from a book publisher, has increased her ranking from last year, when she was placed at number 55. Scardino, who heads up...
Mon, 21/06/2010 - 08:32
Pearson has retained its position as the world's largest book publisher, according to a ranking of the largest international publishers, holding off a strong challenge from Reed Elsevier, which saw a 10% jump in sales despite the global recession. Pearson's own sales rose 4.9%, leaving it as top dog with book sales of €5.3bn....