Pearson announced the $250 million sale of its K-12 courseware division to private equity group Nexus Capital Management, a sale which the company had been pursuing for at least a year as part of its simplification strategy. Chief executive John Fallon says it “frees us up to focus on the digital first strategy that will…
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Bob Munro will join Cengage as executive vice president, cfo, starting April 1 and reporting to ceo Michael Hansen. He was most recently cfo at Callcredit Information Group. Hansen said, “Having worked with Bob in a previous capacity, I am confident that his expertise in leading high-performing, strategic finance teams is the right fit for…
Downing’s My Lovely Wife Tops March Library Reads
My Lovely Wife by Samantha Downing is the top pick for March’s Library Reads list. Also on the list is Annie Ward’s Beautiful Bad, excerpted and available for download in our Buzz Books 2019 Spring/Summer sampler. The rest of the picks: The Bird King, by G. Willow Wilson A Dangerous Collaboration, by Deanna Raybourn The Last…
Simon & Schuster Finishes with Softer Sales, But Sets New Profit Record
CBS reported fourth quarter and full year 2018 results on Thursday, with sales at Simon & Schuster moderating in the final quarter to $218 million (down from $235 million a year ago), even as operating income continued to grow, at $46 million (up $1 million from a year ago). As ceo Carolyn Reidy underscored, it…
Amazon Cancels Plans for New York Headquarters
Amazon announced Thursday that it has cancelled plans for its new NYC headquarters, after facing opposition from the local community. “After much thought and deliberation, we’ve decided not to move forward with our plans to build a headquarters for Amazon in Long Island City, Queens,” said the company in a statement. Long Island City was…
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Cassidy Sachs has been promoted to assistant editor at Dutton. At Cooke International, Hana El Niwairi has been promoted to subsidiary rights associate. Co-founder with her husband Ian Ballantine of Ballantine Books and Bantam Books Betty Ballantine, 99, died on Tuesday at home in Bearsville, NY. Random House president and publisher Gina Centrello said in a…