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Pearson Steps up Moves to Sell its Stake in Penguin Random House

Pearson Steps up Moves to Sell its Stake in Penguin Random House

Pearson has said in a press communication today that operational profits will be below initial expectations for 2016 and it will not now achieve its target of £800 million in 2018. Pearson reported that North American higher education market sales in 2016 were worse than forecast, with a poor fourth quarter and a revenue drop of 30% compared with the last quarter of 2015. The press release reveals

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Bob Dylan Becomes First Ever Songwriter to be Awarded Nobel Prize in Literature

Bob Dylan has become the first ever songwriter to be awarded the prestigious Nobel Prize in Literature. The announcement was made in Sweden this morning. It came as something of a surprise with Irish Booker winner John Banville, Japanese novelist Haruki Murakami and USA novelist Philip Roth the expected favourites to scoop the award. That said, the Duluth, Minnesota-born musician and

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Amazon Introduces Prime Reading

SEATTLE–(BUSINESS WIRE)–Oct. 5, 2016– (NASDAQ: AMZN) – Amazon today introduced Prime Reading, a new reading benefit for U.S. Prime members. Prime members can now enjoy unlimited reading from a rotating selection of books, magazines, comics and more – at no additional cost. Prime Reading joins the growing list of all-you-can-eat benefits for Prime members including unlimited fast,

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Ingram Launches Academic Services for University Presses and Academic Publishers

Press release: NASHVILLE, Tenn. — July 26, 2016 — Ingram Content Group through Ingram Publisher Services announces the launch of Ingram Academic Services, a service customized for university presses and academic publishers. The first joint initiative following Ingram’s acquisition of Perseus’ distribution businesses, Ingram Academic Services offers distinguished resources, tools and services to help university

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Bertelsmann to Take up PRH Buyout Option with Equity Partner?

Reuters today reported that Bertelsmann media group is moving a step closer to acquiring the remaining 47% of Penguin Random House. In 2012 Bertelsmann and Pearson agreed a deal to merge Random House with Penguin to form Penguin Random House. The merger created the largest global book publisher of two major brands. However, Reuters reports that

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Amazon Expands Kindle Scout Publishing Platform Internationally

This week Amazon announced that it was expanding its reader-powered publishing platform  internationally, including Europe, Canada, Australia, New Zealand, South Africa, Mexico, Brazil, Japan and India. Kindle Scout was launched last year in the United States and the platform allows authors to submit unpublished, novel-length English-language manuscripts. Previews of the manuscripts are made available for Amazon readers to

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Reedsy Launches Global Author Survey

Reedsy provides an online marketplace to help connect authors with freelance publishing service professionals. It launched in 2014 as a new startup and opened its marketplace to authors that November. This week Reedsy founder Ricardo Fayet contacted TIPM to tell us about a new global survey it has designed, coded and launched. Fayet explains: The idea is to shed a bit

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HarperCollins Will Close Authonomy Writing Community in September

Popular online writing community Authonomy will close in September. Traditional publisher HarperCollins launched the writing and peer-critique community in 2008 as one alternative to the infamous slush pile. Manuscript submissions were ranked by users and the best five every month were then considered for publication by HarperCollins’ editors. In a blog post on Authonomy, the publisher said

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