Pearson has finished the long-running sale of most of their K-12 education businesses around the world, with a deal to sell the South African units to Novus Holding. The total price is £53 million, and Pearson has a 75 percent share of the company. Pearson decided to retain their K-12 education businesses in Australia and […]
International News
Sage Publications Closes Books Division in India
Sage Publications has closed its books division in India, laying off 83-84 employees. The books department was focused on academic publishing. The closure was announced suddenly at a company-wide meeting on July 28. The Wire reports that days later, employees “were made to sign a resignation letter saying that they were quitting for personal reasons.” […]
Vivendi Is Ready to Spin-off Editis to Win Approval for Lagardere Acquisition
While reporting earnings on Thursday, Vivendi disclosed that it is prepared to spin off the Editis publishing group into its own separate, publicly-traded company in order to win approval from EU and French regulators to acquire Lagardere as a whole. The company said, “To avoid any potential antitrust problems due to its combination with Lagardère […]
Agent Stephanie Sinclair Named Publisher of McClelland & Stewart
Literary agent at CookeMcDermid Stephanie Sinclair will become publisher of McClelland & Stewart and Hazlitt at Penguin Random House Canada starting October 3, as Jared Bland steps down from his role to the take the new position of vp, communications and community for PRH Canada. Sinclair, who identifies as Cree, Ojibwe, and German/Jewish settler, began […]
Ingram to Launch UK Wholesale Service
Ingram Content Group UK will expand its operations — currently focused on print-on-demand and publisher distribution services — to compete as a trade wholesaler of books. SVP David Taylor tells the Bookseller: “We’re pleased to be able to confirm to the British book trade that Ingram is establishing a UK-based wholesale offer for books for any […]
Giuntis Grow Quarto Stake
Since last August, Quarto’s controlling owner CK Lau has been steadily increasing his holdings in the company, building to control of over 50 percent of shares by April. Now, following a sharp falloff in Quarto’s stock price since its peak in late April, Lau’s other major partner the Giunti family of Italy, has added to […]