The publishing house named in a $1.25-million defamation lawsuit launched by Conrad Black over the book Thieves of Bay Street has filed a Statement of Defence, refuting claims made by the former media baron.
Lord Black alleges that certain passages in the non-fiction book, which details corruption in North America’s financial sector, brought him “into hatred, ridicule and contempt in Canada,” according to a Statement of Claim filed in June 2012.
(BERLIN) — Pearson PLC has confirmed that it will merge its Penguin Books division with Random House, which is owned by German media company Bertelsmann, in a deal that will create the world’s largest trade publisher. Pearson says Monday that Bertelsmann would own a controlling 53 percent share of the joint venture, which will be known as Penguin Random House. Bertelsmann would keep full control of its trade publishing business in Germany and Pearson would retain rights to use the Penguin brand in education.
A combined Penguin and Random House would have sales of about $3 billion. The bigger market share would help them compete against Amazon.com and others.British publishing house Pearson said it's in talks to combine its Penguin book publishing unit with Random House Inc.
When property taxes go unpaid, the debt gets sold -- sometimes resulting in a bidding frenzy between America's largest banks and hedge funds. Investigative reporter Fred Schulte says unpaid tax bills as low as $300 have resulted in homeowners losing their properties.» E-Mail This » Add to Del.icio.us