Pearson 2016 PRH Profits Up
Pearson, which owns 47% of Penguin Random House, reported its share of adjusted operating profit from PRH rose to £90 million in 2015, up 30% from 2014.
S&S Launches Muslim Imprint
S&S Children’s Publishing plans to launch Salaam Reads, the first imprint at a major trade house to focus on Muslim characters and stories. The imprint will publish books for middle grade and YA readers and will launch with four books in 2017.
HMH Trade Revenue Up 1%
Houghton Mifflin Harcourt’s trade division revenue rose to $164.9 million in 2015, up 1% over 2014. Its net loss increased to $7.1 million from $2.9 million in 2014. Adjusted EBITDA for the division fell to $7.7 million from $12.7 million. Revenue for the entire company, which includes the education group, was $1.42 billion, up 3% over 2014.
Hayden Nominated for Librarian of Congress
President Obama has nominated Carla Hayden, CEO of the Enoch Pratt Free Library in Baltimore, to be the 14th Librarian of Congress, succeeding James Billington, who retired in January. Hayden must be approved by the Senate.
