Capitalizing on the growing globalization movement associated with digital reading, it's no longer enough to simply bring ebooks to a foreign market. Forward thinking companies are already preparing for the digital publishing revolution sparked by authors' intentions to publish their own works, with several solutions providers working on expanding the reach of digital … [Read more...] about Penguin, Author Solutions Launch India’s New Self-Publishing Platform
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Pearson Completes Investment in Barnes and Noble Nook Media
Pearson, the parent company of Penguin Publishing, has completed the financial investment in Barnes and Noble's Nook Media today. The total amount was 89.9 million dollars and it should help the ailing bookstore to compete harder in the digital space. Pearson now has a 5% stake in Nook Media, while Microsoft (with its 300 million dollar investment last year) nets 16.8%. … [Read more...] about Pearson Completes Investment in Barnes and Noble Nook Media
US Justice Department Reaches Settlement with Penguin
The US Justice Department just announced that it has reached an agreement with Penguin for agency ebook pricing. Pearson owned Penguin was one of the last holdouts and decided to settle to make way for the merger with Random House. In a statement, the Justice Department's antitrust office said it will continue to press its case against defendants Apple Inc and Holtzbrinck … [Read more...] about US Justice Department Reaches Settlement with Penguin
Penguin to Get into the Self-Publishing Game with Author Solutions Purchase
Penguin Publishing is poised to enter the highly competitive market of digital self-publishing. The company today has finished their acquisition of US based Author Solutions for $116 million in cash. Author Solutions will “continue to be run as a separate business” and will be “integrated into Penguin’s back office and technology infrastructure.” Author Solutions may be a … [Read more...] about Penguin to Get into the Self-Publishing Game with Author Solutions Purchase
Pearson Publishing Experiences 3% Growth
Pearson Publishing has reported quarterly results today and the company has seen 3% growth on its extensive portfolio. The Financial Times and Penguin both fall under the Pearson banner. The most successful ventures for the company continues to be the educational market that nets 60% of its total revenue. The Financial Times also has seen robust sales even though advertising … [Read more...] about Pearson Publishing Experiences 3% Growth
Apple, Pearson, and Macmillan Continue to Fight Against eBook Settlement
Apple, Pearson and Macmillan are fighting tooth and nail to bow down to pressure to settle their price fixing lawsuit raised by the EU and US Justice Department. Meanwhile, CBS Corp's Simon & Schuster Inc, HarperCollins Publishers Inc, and Lagardere SCA's Hachette Book Group just want it to be over. Last week sources at the USA Justice Department said on record that they … [Read more...] about Apple, Pearson, and Macmillan Continue to Fight Against eBook Settlement
Pearson Publishing Buys A&R and Borders Websites
We have been reporting the last few months about the failure of Borders, Redgroup, and Angus and Robertson in Australia. Recently the chain all went bankrupt the final stores closed down in the last few weeks. What does this mean for customers who bought e-readers and have no place to buy ebooks? Enter Pearson Publishing who just bought all of the websites. Just who is … [Read more...] about Pearson Publishing Buys A&R and Borders Websites