• Skip to main content
  • Skip to primary sidebar
  • Login
  • Register

Publishers Lunch

The Publishing Industry's Daily Essential Read

  • Publishers Marketplace
  • Site Guide
  • Help

Pearson Pauses Share Buyback, Citing “Prolonged Uncertainty”

March 23, 2020
By Sara Grace

Pearson “has decided it is prudent” to pause the rest of their planned £350 million share buyback, the company announced March 23. That repurchase program, under which they have already spent £167 million, was initiated in January as part of a plan to reinvest some of the expected proceeds from selling their remaining stake in Penguin Random House to Bertelsmann. (The sale is expected to close in the second quarter of 2020). Pearson estimated that the temporary closing of their Pearson VUE test centres will reduce operating profit by approximately £25 million to £35 million, and cancellations of state tests […]

Login to read full story

Filed Under: Education, Finance, Publishers

sidebar

Primary Free Sidebar

Login


Forgot password
Quick Pass users click here to log in
Get Full Access
The publishing industry's essential daily read

Each Publishers Lunch Deluxe subscription includes full access to our searchable multi-year archive of industry news, a nightly email reporting 10 to 50 deal transactions, and our database of industry contacts, scripts, and posting privileges.

Learn More

RSS Automat

  • If or When Amazon Wants to Identify Books Made By AI, Software Detection Companies Say They Are Ready September 29, 2023 Wired
  • Cundhill History Prize Shortlist Announced September 28, 2023 Prize site
  • Nobel for Literature to be Announced October 5 September 28, 2023 NYT
  • With Sales Down 30% on Book Bans, Levine Querido Authors Raise Over $100,000 In Auction September 27, 2023 PW
  • Taylor & Francis to Make Voluntary Separation Offer; Threatens Layoffs to Follow September 25, 2023 Bookseller
  • Rupert Murdoch to Retire from News Corp and Fox Boards September 21, 2023 NYT
  • OpenAI's New DALL-E3 Lets Artists Opt-Out of Future Training; Rejects Request to Mimic the Style of Living Artists September 20, 2023 TechCrunch
  • Another Response to AI-Generated Books: KDP Lowers Limit On Number of Titles You Can Create, "To Help Protect Against Abuse" September 18, 2023 KDP Forum
  • TikTok (and Instagram) Stars Sell Cookbooks September 18, 2023 NYT
  • Actor and UK Harry Potter Audiobook Narrator Stephen Fry Demonstrates How His Voice Was Copied By AI Without Permission September 18, 2023 Deadline
© 2023 Publishers Lunch. All Rights Reserved.