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With First Full Penguin Random House Annual Results, Dohle Says "We Are Stronger Together"

Bertelsmann reported financial results for 2014 on Tuesday morning, providing the first look at a full year's worth of performance for the merged Penguin Random House. (A year ago, the 2013 report incorporated only six months worth of Penguin's sales.) The trade publishing giant had combined sales of €3.324 billion for…

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People, Etc.

Nadea Mina has joined Open Road Integrated Media as senior publicist. Previously she was a senior publicist at St. Martin's Press. Yulia Borodyanskaya will join ABRAMS on March 25 as director, subsidiary & international rights. Previously she was director, international rights at McGraw-Hill Education. Eric Smith has joined P.S. Literary…

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Awards: Sharma Wins Folio; Booker International Shortlist; and More

Akhil Sharma has won the Folio Prize for his novel FAMILY LIFE (Norton). In announcing the $60,000 prize, chair of the judging committee William Fiennes commented: "From a shortlist of which we are enormously proud, Akhil Sharma's lucid, compassionate, quietly funny account of one family’s life across continents and cultures,…

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Rakuten to Buy OverDrive for $410 Million

The two companies announced in press releases that Rakuten will pay "a total consideration of $410 million in cash" to buy OverDrive. They say OverDrive's EBITDA was $25 million for 2014, which amounts to a very hefty multiple of earnings that Rakuten is paying -- but the Japanese-based company says that…

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Eerdmans has hired Lil Copan as senior acquisitions editor, general trade. She was at Abingdon Press most recently. A group of senior management and board members have joined in a management buyout of the Peter Lang Academic Publishing Group from the Peter Lang Children's Trust. The deal is expected to close by mid-2015. The new…

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Harper Expands Spanish-Language Publishing, Licenses Lee's Watchman

In the vein of their new Harper Germany publishing line, HarperCollins has created Harper Iberica to publish in Spain and Portugal, and Harper Espanol to publish Spanish-language books in North and South America. Larry Downs is svp and publisher for Harper Espanol, which will publish approximately 50 books a year,…

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At Public Affairs, Colleen Lawrie will join the company as a senior editor on March 9. She was most recently an editor at Harper Collins. Tony Forde starts work there as a publicist on March 18. He was most recently an associate publicist at Twelve. Molly Fonseca will start as marketing manager at Flatiron Books…

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Pearson "Completed Our Intense Two Year Restructuring"; Names PRH's Williams CFO

Pearson announced preliminary annual results Friday morning, with sales of £4.874 billion down 4 percent (but up 2 percent on a constant-exchange-rate basis) and higher operating profit of £720 million -- with lower restructuring charges but a higher tax rate, leaving  earnings down to 66.7 pence per share, compared to 70.1…

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Announcements: Quarto Buys Ivy; Maya Angelou Postage Stamp; Kindle Scout Launch List; and More

Quarto Publishing has agreed to acquire The Ivy Press for up to £1.3 million plus the assumption of up to £200,000 of debt, pending approval from the press's lender. The unit will become part of Quarto's international co-editions division. Founded in 1996, Ivy Press has been distributed by Thames & Hudson since 2012. Co-founder and…

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Mondadori Offers to Buy RCS Media's Book Division

When Mondadori Editore spun off their book publishing and distribution units as a separate company as of January 1, the company indicated it would help them to pursue "partnership and merger opportunities" to grow. With little delay, on Wednesday Mondadori made a non-binding offer to acquire competitor RCS Libri (a…

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