Thursday, January 19, 2017

Pearson to Sell Stake in Penguin Random House - Publishers' Weekly (PW)

Panzer's trip into the Catosphere today took him to the Publishers' Weekly (PW) site. There our traveling kitty boy found a post about publisher Penguin Random House.

According to the post by Jim Milliot, Pearson plans to sell their partial ownership in Penguin Random House (PRH). Penguin Random House was formed in 2013 with the merger of Pearson's Penguin and Bertelsmann's Random House. Currently, Pearson holds 47 percent and Bartelsmann holds 53 percent of Penguin Random House. Bartelsmann has the right of first refusal in a proposed sale and has indicated they would be interested in purchasing Pearson's stake if the terms were acceptable. (This information was also reported in a longer post at The New York Times site by Michael J. de la Merced.)
What will the terms be?

Panzer says, "This will be interesting to see what happens if "the terms" aren't acceptable."

This is a short-medium post. Bring a cup of tea and a muffin for today's reading selection. If you plan to read The New York Times post as well, bring a second cup of tea and muffin.

To read the post, tootle over to Pearson

To read The New York Times post, tootle over to Penguin Random House

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