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Archives for February 2005

Lunch for Monday, February 28

February 28, 2005
By Michael Cader

Triple Problems at Penguin Pull Down Pearson Results; Weak 2005 Forecast Means $10 Mil Charge at Penguin US Following their warning to financial markets in mid-January, Pearson’s annual performance came in at the low end of expectations, and profits fell 6 percent overall, reflecting a triple whammy: the weak dollar, the Penguin UK warehouse mess, […]

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Lunch for Friday, February 25

February 25, 2005
By Michael Cader

Audible Shareholders Sue, Saying Company Broadcast the Wrong Message A group of Audible shareholders has filed a class action lawsuit against the company following its recent quarterly report and ensuing stock swoon (now down almost 50 percent from its recent high). The complaint charges that the company misrepresented its plans and objectives by not disclosing […]

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Lunch for Thursday, February 24

February 24, 2005
By Michael Cader

S&S Revenues Up, As Viacom Takes Huge Writedown and Begins Asset Sales Viacom’s quarterly report is headlined by a whopping $18 billion writedown related to the declining value of their radio and billboard advertising businesses. In a conference call with investors, co-president Tom Freston indicates that the asset sales that have been “hinted” at over […]

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Lunch for Wednesday, February 23

February 23, 2005
By Michael Cader

French Library Wants In on Digitizing Books for the World The head of France’s national library Jean-Noel Jeanneney has offered remarks to both Le Monde and Le Figaro indicating concern that Google’s plans to digitize the collections of academic libraries presents “a risk of crushing domination by America in defining the idea that future generations […]

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Lunch for Friday, February 18

February 18, 2005
By Michael Macrone

Schedule Note I thought we were going to skip today, but then all these items popped up. Random Rings Mobile Content Player Random House’s investment subsidiary Random House Ventures has purchased “a significant minority stake” in VOCEL, which publishes branded content via mobile phones and has a patent pending on technology that “facilitates the transmission […]

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Lunch for Thursday, February 17

February 17, 2005
By Michael Cader

Schedule Note Tomorrow is Parent’s Day at school, followed immediately by the beginning of an excursion in honor of our former Presidents, so there will be no Lunch. Hershey to Random Jennifer Hershey will move to Random House as of March 14, where she will be editorial director (the same title she held at Putnam), […]

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