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Friday 11 July 2025
Last Updated : GMT 09:40:38
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Israeli illegal settlements

Pearson to sell 22% of Penguin Random House to Bertelsmann

Themuslimchronicle, themuslimchroniclePearson to sell 22% of Penguin Random House to Bertelsmann267804/84
London - Muslimchronicle
Britain's Pearson has agreed to sell a 22 percent stake in book publisher Penguin Random House to joint venture partner Bertelsmann for around $1 billion to bolster its balance sheet and return cash to shareholders. Pearson, restructuring after a string of profit warnings from its education unit, said the sale would enable it to return 300 million pounds ($386 million)Read more

Obama books to be published worldwide

Themuslimchronicle, themuslimchronicleObama books to be published worldwide251045/335
New York - Arab Today
The publishing of the upcoming books by Barack and Michelle Obama will be a global event. Penguin Random House announced Monday that it has lined up publishers from Ireland to South Africa for the two books, to be released by the Crown imprint in the US and Canada. Titles and release dates have not been announced. The advance from PenguinRead more

Media giant Bertelsmann books big rise in profits

Themuslimchronicle, themuslimchronicleMedia giant Bertelsmann books big rise in profits202347/196
Berlin - AFP
German publishing giant Bertelsmann reported Wednesday a profit rise for the first half of 2016 as it pushes on to become a "more digital and more international" media conglomerate. Bertelsmann, which owns broadcasting group RTL and most of publisher Penguin Random House, said group profit rose 21.1 percent to 482 million euros ($537 million), on revenues of 8.0 billion euros.Read more

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