London: British publishing and education company Pearson PLC says it is in talks with German media group Bertelsmann SE over merging the firms' Penguin and Random House publishing operations.
Pearson said on Thursday it "is discussing with Bertelsmann a possible combination of Penguin and Random House" but added that there is no certainty the talks will lead to a transaction.
Pearson is publisher of the Financial Times and Penguin Group books. Bertelsmann's assets include the RTL Group television division and magazine publisher Gruner + Jahr. The talks come at a time when the publishing industry is being buffeted by the growing e-book market.
10:01 AM, Oct 26, 2012
New York: Apple Inc unveiled a new digital textbook service called iBooks 2 on Thursday, aiming to revitalise the US education market and quicken the adoption of its market-leading iPad in that sector. The consumer electronics giant has been working on digital textbooks with publishers Pearson PLC, McGraw-Hill and Houghton Mifflin Harcourt, a trio responsible for 90 per cent of textbooks sold in the United States. The move pits the...
12:35 AM, Jan 20, 2012
Bangladesh Prime Minister Sheikh Hasina has strongly defended her national team's captain Shakib Al Hassan who lost the World Cup opening match last month after sending India to bat first. Cricket entered the cabinet room as she dismissed criticism that Shakib, who had won the toss, should not have opted to field first. The prime minister Monday said the decision was right. "Who can say for sure we would...
07:19 PM, Dec 23, 2007