PRH Had Good First Quarter

Penguin Random House was one of several Bertelsmann divisions to post double-digit revenue gains in the first quarter of 2021 over 2020, the company reported this morning. Total revenue for Bertelsmann rose 10% in the period, to €4.2 billion. The brief release had no mention of the pending purchase of Simon & Schuster, which Bertelsmann expects to close sometime this year.

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