Bertelsmann Is Reportedly Planning To Lift Stake In Penguin Random House
Oct 7 14
Bertelsmann SE & Co. KGaA intends to increase its stake in Penguin Random House LLC as early as 2015, according to people familiar with the matter. Bertelsmann plans to buy part or all of the 47% held by Pearson plc (LSE:PSON), the people said, asking not to be named discussing private deliberations. While Bertelsmann and Pearson aren’t in talks, Pearson is willing to sell and can do so starting October 2015 under a shareholder agreement, the people said. Representatives for Bertelsmann and Pearson declined to comment on any future changes in ownership for Penguin Random House, reported Bloomberg.
Penguin Random House Announces Executive Changes
Sep 20 14
Jaci Updike, president, sales at Penguin Random House has announced the joining of Lauren Monaco as v-p, director of sales, paperback and Berkley/NAL, Penguin Publishing Group. Earlier, Monaco was v-p, director, digital business development at Random House. PRH also appointed Hank Cochrane, who was named v-p, director of sales development, trade paperback and Berkley/NAL. Jeff Weber is now v-p, director online and digital sales, PRH, heading the newly unified Penguin Random House adult online and digital sales team. Weber previously led the Random House online and digital sales effort. Tim McCall, v-p, director of online sales and marketing, Penguin Group, will be leaving PRH with the formation of the new team. According to PRH, Kent Anderson is promoted to director, online and digital sales, Penguin Publishing Group, and Michael Rotondo has been promoted to director, online and digital Sales, Random House adult.
Penguin Random House LLC Plans to Expand its Distribution Operations in U.S
Jul 2 14
Penguin Random House LLC announced that it plans to consolidate a major portion of its U.S. distribution and fulfillment operations, creating up to 313 new jobs by 2016. The company will make a multi-million dollar investment to expand, renovate and equip its Crawfordsville operations. With a 350,000-square foot expansion, the company plans to grow its existing facility to one million square feet. This growth, which is scheduled to be operational by October 2014. The company plans to begin hiring for full-time positions in August 2014 and continue throughout the fall and winter.