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Pearson intends to sell its 47% stake in Penguin Random House
and will be issuing an "exit notice" to its joint venture
partner Bertelsmann, which holds a majority 53% stake in the group.
Bertelsmann has responded by saying it is "open" to increasing
its share in Penguin Random House if the "financial terms are
fair".
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The Publishers Association (PA) and the Independent Publishers
Guild (IPG) have welcomed prime minister Theresa May's speech
yesterday (17th January) confirming the UK will be leaving the single
market.
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Joe Wicks has leapfrogged himself to claim the number one spot
in the book chart for a third week running—this time with his debut Lean in
15 (Bluebird).
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Indies are leading the shortlist for the
Stanford Dolman Travel Book of the Year, with five of the six
books vying for the £5,000 prize hailing from independent presses.
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Cheltenham Festivals is restructuring its business to make
cost savings, resulting in job consultations and the departure of
literature festival director Antonia Byatt after less than a year in the
role.
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Macmillan Children’s Books is set to publish what it describes
as the first official "guide” to the Moomins this October.
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Indie publisher CB Editions is to wind down its operations
this year, as founder and sole member of staff Charles Boyle goes into
semi-retirement.
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Sarah Cleave, formerly of Saqi Books, has made the move up
north to join Manchester-based independent publisher Comma Press in the
role of publishing manager.
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Little, Brown has acquired two novels from freelance
journalist "The Guyliner", to be published under his own name
Justin Myers.
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