October 23, 2014

Random House-Penguin Merger Receives Green Light from U.S. Dept. of Justice

From Laura Hazard-Owen at paidContent: Random House parent company Bertelsmann and Penguin parent company Pearson announced Thursday that the Department of Justice has approved the proposed merger between Random House and Penguin “without conditions.” The merger, which remains under review by other antitrust authorities including the European Commission and the Canadian Competition Bureau, would create […]

Big Six May Become Big Five—Random House and Penguin in Preliminary Merger Talks

Penguin and Random House logos combined

Pearson is in talks with Bertelsmann to combine Penguin and Random House, the company confirmed. However, “the two companies have not reached agreement and there is no certainty that the discussions will lead to a transaction,” Pearson said in a statement.

Penguin eBook Sales More than Double During 2011, "Not There Yet" With a Library Business Model

From The Guardian: Pearson has reported a 72% surge in pre-tax profits to £1.15bn for 2011, with ebook sales at Penguin more than doubling and profits at FT Group, home to the Financial Times, up by about a quarter. [Clip] Total revenues across the group, which includes book publisher Penguin and educational holdings, grew 4% […]

OpenClass: "Pearson and Google Partner to Offer a Free Learning Management System"

From a Wired Campus Report by Josh Fischman: Today Pearson, the publishing and learning technology group, has joined the software giant Google to launch OpenClass, a free LMS that combines standard course-management tools with advanced social networking and community-building, and an open architecture that allows instructors to import whatever material they want, from e-books to […]