Bertelsmann reported results for the first half of 2025 on Thursday morning, with sales at Penguin Random House of €2.322 billion up €46 million, or 2 percent, lifted by the company’s continuing acquisitions. Operating EBITDA fell €36 million, down to €255 million, “primarily due to lower revenues and growth-related expenses in the core US business” according to the company. In a note to employees, PRH ceo Nihar Malaviya wrote that, “our overall profitability is under pressure, declining 12%…due to rising costs in nearly all areas of our business.” In the US. Hay House, acquired in 2024, “was able to fully […]
Archives for August 2025
Distribution: Hachette India and Giunti Editore
Independent Publishers Group will sell and distribute Hachette India starting September 1. It started selling and distributing Giunti Editore in the US and Canada on August 1.
People 8/28
Bloomsbury US Lays Off Some Children’s Staff
Bloomsbury US has laid off five employees in their children’s division. A company spokesperson shared the following statement: “We can confirm that five positions have been eliminated in our U.S. Children’s Division as part of a strategic shift toward publishing a more curated list. Bloomsbury US is a strong and thriving business, and these changes were limited solely to the Children’s Division. These decisions were not taken lightly for the affected individuals and the broader organization. We are committed to supporting impacted employees and ensuring they receive the help and resources needed.” Reportedly, one forthcoming title was also cut from […]