News on Sunday that News Corp were considering a look at Penguin suggested that the dealings could get exciting but with this morning's announcement of a merger that will combine Random House and Penguin in a new structure makes clear these discussions were already well advanced. As The Guardian notes the new business will b 53% owned by Random House and Pearson will retain a 47% interest. The management...
Monday, October 29, 2012
Friday, October 26, 2012
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This image will be in the next collection and is from The Christian Science Center one very cold winter morning. I have no idea who that is. Another weekly image from my archive. Click on it to make it larger.In addition to the images I've posted on Flickr and those I've periodically posted on PND,...
Wednesday, October 24, 2012
Sunday, October 21, 2012
Brian Kibby, President of McGraw Hill Higher Education interviewed in Inside Higher Ed Question 4: It seems to me that in your position as president of McGraw-Hill higher education you have before you the very difficult task of leading an enormous change in how your company operates. For many many years the big educational publishes have made very good money with a model of printed books and digital...
Friday, October 19, 2012
Niagara, New York 1968 The PND Seniors visited in 1968 when PND senior was attending Cornell for the summer. I've never been but I am thinking of ways to put it in my schedule.Mrs PND recently unearthed some of her family's slide collection and sure enough there's an image similar to this one from 1958. ...
Thursday, October 18, 2012
The economist has a longer piece this week on educational textbooks and the manner in which they are manipulated to match various political and social objectives (read bias). Separately, in the Daily Beast today several publishing executives called on Saudi Arabia to address their appalling record on educational content. First here is the economist's take:Other people’s textbooks have long been...
Wednesday, October 17, 2012
A re-post originally from June 29, 2010. There are various approaches to selling a business and selling a publishing business is no different. The circumstances surrounding the decision to sell can greatly influence how smoothly the process goes; however, as with many things, the amount of preparation that goes into the process will ultimately determine whether there is a successful outcome.As a seller,...
Tuesday, October 16, 2012
Highlights from the show Dailies:PW Show Daily October 10th:Interview with James Daunt of Waterstones (Page 12)So is Daunt’s new boss happy with the way things are going? The Managing Director in whose steady hands so much rests points out that Alexander Mamut, a long-time customer of Daunt Books, lives in Moscow and isn’t here that much, but yes, he’s pleased. Was it a big decision to step back from...
Sunday, October 14, 2012
The tires are being kicked at McGraw Hill Education by a predictable group of private equity players (Cengage is backed by Apax) but the asking price looks steep (Reuters):McGraw-Hill Companies Inc's (MHP.N) education unit is expected to draw final bids from private equity firms Bain Capital and Apollo Global Management (APO.N) as well as rival Cengage Learning Inc, in a deal that could fetch around...
Tuesday, October 9, 2012
Monday, October 8, 2012
(Frankfurt - Come by Hall 8.0 R 928)The Telegraph reviews Majorie Scardino's 15 year run as head of Pearson plc (Telegraph): Part of the joy for Dame Marjorie was reshaping Pearson from a bewildering rag-bag of a business, which included Madame Tussauds wax museum, half of investment bank Lazard and a sizable cache of Château Latour wine, into today's publishing and education empire. Its current portfolio...
Thursday, October 4, 2012
Auckland New Zealand 1972This is taken from across the bay from Auckland city which is on the other side of the water towards the right. There's no question this view is probably almost recognizable today but I wouldn't know since I haven't been back since 1976. The large tower building in the center...
Tuesday, October 2, 2012
Some snips from the annual VSS media forecast: “Digital’s influence is now a constant and significant factor in every sector, segment and sub-segment of the US Communications industry,” said John Suhler, Co-Founder and President of VSS. “At the same time as digital technology and innovation continue to spur...
Sheila Bounford who is chairing our panel discussion at Tools Of Change next week posted this about our panel session:Greater than the Sum of Our Parts:We’ve been talking between us for some time about how best to run this 50-minute session. The Frankfurt Tools of Change audience is infamously diverse, knowledgeable and yet hungry for insight, which – in combination with the sheer rapidity of technological,...
Monday, October 1, 2012
Last week ALA President Maureen Sullivan published an open letter to the library and publisher community regarding the refusal of Simon & Schuster, Macmillan, and Penguin to provide access to their e-books in U.S. libraries. It could have been better planned with Macmillan and Grand Central taking tentative steps to address this market in a more comprehensive way. The open letter states:...
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