Results Up at Penguin, Pearson Education

The Penguin Group incurred about L16 million in integration costs in the first half of the year related to merging DK into the company's existing operations. DK contributed $75 million in sales in the first half of the year, but the bottom line was hurt by high returns due to the closing of DK...

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Bibliographic Details
Published in:Publishers Weekly 2001-08, Vol.248 (32), p.12-12
Main Author: MILLIOT, JIM
Format: Magazinearticle
Language:English
Subjects:
Acquisitions & mergers
Book publishing
Education
Finance
Financial performance
Growth rate
Publishing industry
Sales
Online Access:Get full text
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Summary:The Penguin Group incurred about L16 million in integration costs in the first half of the year related to merging DK into the company's existing operations. DK contributed $75 million in sales in the first half of the year, but the bottom line was hurt by high returns due to the closing of DK Family Learning and slower backlist sales. [David Wan] told PW that Penguin is refocusing DK's publishing program on fewer but more profitable titles that have worldwide appeal.
ISSN:0000-0019
2150-4008