SHARE
COPY LINK

BUSINESS

Bertelsmann opens new chapter for Penguin

German media giant Bertelsmann said on Monday that it was going to merge its English-language division Random House with Penguin books, owned by British publisher Pearson. Bertelsmann is to be the main share-holder.

Bertelsmann opens new chapter for Penguin
Photo: DPA

Penguin and Random House will combine their businesses in a newly-created joint venture named Penguin Random House, said a statement. Bertelsmann will own 53 percent of the joint venture and Pearson 47 percent.

The tie-up was expected to complete in the second half of next year, subject to regulatory approvals.

“The combination brings together two of the world’s leading English language publishers, with highly complementary skills and strengths,” the statement said.

“Random House is the leading English language publisher in the US and the UK, while Penguin is the world’s most famous publishing brand and has a strong presence in fast-growing developing markets.”

Bertelsmann is set to nominate five directors to the board of Penguin Random House and Pearson four. John Makinson, currently chairman and chief executive of Penguin, is to become chairman of Penguin Random House and Markus Dohle, currently chief executive of Random House, its chief executive.

“Our new company will bring together the publishing expertise, experience, and skill sets of two of the world’s most successful, enduring trade book publishers,” said Dohle.

“In doing so, we will create a publishing home that gives employees, authors, agents, and booksellers access to unprecedented resources.”

Marjorie Scardino, the outgoing chief executive of Pearson, added that, “together, the two publishers will be able to share a large part of their costs, to invest more for their author and reader constituencies and to be more adventurous in trying new models in this exciting, fast-moving world of digital books and digital readers.”

The joint venture excludes Bertelsmann’s trade publishing business in Germany, while Pearson was to retain rights to use the Penguin brand in education markets worldwide.

In 2011, Random House reported revenues of €1.7 billion and operating profit of €185 million, while Penguin revenues hit £1.0 billion and operating profit £111 million.

AFP/jcw

Member comments

Log in here to leave a comment.
Become a Member to leave a comment.
For members

TRAVEL

What does the UK’s new ‘traffic light’ system mean for travel to Germany?

The UK government is bringing in a 'traffic light' system set of rules for travel to different countries. Here's what it could mean for travel between Germany and the UK.

What does the UK's new 'traffic light' system mean for travel to Germany?
A near empty Heathrow Airport in London in January 2021. picture alliance/dpa/ZUMA Wire | May James

Whether it’s about visiting family or taking a holiday, Brits in Germany, as well as people in the UK, are desperate to know how they can travel to and from Britain.

At present the UK rules prohibit travel out of the country for non-essential purposes, meaning holidays to Germany (and everywhere else) are not possible. Travel is only allowed for an essential reason.

However, this is set to be lifted from May 17th, and at that stage England’s ‘traffic light’ system will kick in.

This involves giving each country a designation – red, amber or green – based on data including case numbers and vaccination rates in the country.

On Friday Germany was listed as an ‘amber’ country. Although coronavirus infections are falling and vaccinations are picking up pace, numbers at the moment are still quite high.

EXPLAINED: The European countries on England’s ‘amber’ travel list and what it means

For comparison, Our World in Data shows that Germany has 210.97 daily confirmed cases per million people, while the UK has 29.9.

READ ALSO:

However, if the trend continues and numbers continue to drop in Germany in the coming weeks – it could be placed on the green list some time soon.

Not being on the green list doesn’t mean that travel isn’t allowed – it just means that people will have to quarantine and test on arrival in the UK.

Red list – arrivals have to quarantine in specially-designated quarantine hotels for 10 days. The traveller is liable for the cost of these, which is up to £1,700 (around €1,967), plus the cost of testing after arrival. A Covid test is required to enter the country. This is expected to be reserved for the highest-risk countries including India, Brazil and South Africa.

Note that it could be the case (as is currently) that anyone who’s not a British/Irish national or resident will be refused entry if they are coming from a red country.

Amber list – arrivals have to quarantine for 10 days but can do so in a location of their choice including the home of a friend or family member. Arrivals also have to pay for travel-testing kits which cost around £200 (around €232) per person. A Covid test is required to enter the country. Essentially this the regime currently in place for most arrivals.

Green list – no quarantine is necessary, but a Covid test is required to enter the country, plus another test on or before day two of their stay. 

Note that the current travel rules for entering the UK say that an antigen test meeting a certain quality standard is allowed for entry into Britain rather than only PCR tests. We don’t know if this will be allowed under the new travel rules so make sure to check the UK Government’s site before travel.

The list as published applies to England only.

The devolved nations of Scotland, Northern Ireland and Wales have not announced when they will lift travel restrictions but have not so far indicated that they intend to impose different rules to England’s.

The German travel rules

Currently Germany discourages all but essential travel within the country and abroad.

However, German states are putting together plans for reopening hotels and other overnight accommodation which signals that things are beginning to open up. 

READ ALSO:

At the moment, Germany has travel bans in place for areas deemed high risk due to mutations of coronavirus. That currently includes Brazil and India. Some people, such as German citizens are residents are exempt from the bans but have to comply with strict quarantine and testing rules.

READ MORE: What you need to know about the latest rules on travel to and from Germany

Everyone arriving in the country by plane, regardless of the risk status of the place they are travelling from, has to present a negative coronavirus test certificate no older than 48 hours before boarding.

The test must have been taken no more than 48 hours before entry (time of swabbing). Proof of the test result must be on paper or in an electronic document in English, French or German. The test result must be kept for at least 10 days after entry.

For information on test requirements have a look at this information sheet.

All entries to Germany must also register online prior to arrival by filling in your information on this site: www.einreiseanmeldung.de.

There are also strict quarantine rules for arrivals from most countries, which are set by the German state. The quarantine period typically lasts 10 or 14 days, and in some cases can be ended after a negative Covid test taken at the earliest five days into self-isolation.

You can find your local government here by entering the postcode.

We’ll let you know if and when travel rules change in Germany.

What about vaccine passports?

Neither Germany nor the UK as yet have vaccine passport systems up and running.

That means that, for the moment, even fully vaccinated people will have to abide by the testing and quarantine rules.

READ ALSO: How will the EU’s ‘Covid passport’ work for tourists in Europe?

Please keep in mind that this article, as with all of our guides, are to provide assistance only. They are not intended to take the place of official legal advice.

SHOW COMMENTS