Pearson the largest book publisher in 2015 despite ‘challenges’
Pearson has been ranked as the world’s largest book publisher in 2015, despite revenue falling from over US$7bn (A$9.31bn) in 2014 to US$6.6bn (A$8.8bn) last year due to asset sales and a restructure of its educational publishing operations, reports Publishers Weekly. The top five publishers was unchanged from last year, with ThomsonReuters, RELX Group, Wolters Kluwer and Penguin Random House (PRH) coming behind Pearson in the rankings. China South Publishing & Media Group (sixth) switched places from 2014 with another Chinese company, Phoenix Publishing and Media Company (seventh), while Hachette Livre, McGrath Hill Education and Grupo rounded out the top 10. Publishers Weekly notes that more than half of the companies in the top 50 had a decline in sales last year, attributed to some countries’ weak economies, disruptions caused by the increased use of digital content, and currency fluctuations, among other factors. The rankings are based on sales generated in the 2015 calendar year or fiscal 2016 depending on the companies’ financial reporting. The listing was compiled by publishing consultant Ruediger Wischenbart for Livres Hebdo.
Category: International news