Pearson media group

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Pearson PLC

logo
legal form plc
ISIN GB0006776081
founding 1844 (IPO: 1968)
Seat London , UK
management John Fallon (CEO), Sidney Taurel (Chairman), Coram Williams (CFO)
Number of employees 24,322
sales 4129000000 GBP
4.583 billion EUR
Branch media
Website www.pearson.com
As of December 31, 2018

The Pearson PLC ( Pearson PLC ) is a British multinational media company with headquarters in London . It is the largest education company , the largest book publisher and the world's top-selling publishing group, the market leader in the UK , India , Australia and New Zealand, and the second largest publishing group in the US and Canada .

Company profile

The Pearson Group has three business units:

  • Pearson Education : to be part of the division
    • on the one hand scientifically and technically oriented and textbook publishers such as Pearson Longman , Prentice Hall , Benjamin Cummings , Pearson Scott Foresman , Harcourt Education and the Stark Verlag . Markt & Technik Verlag , Addison-Wesley , Pearson Studium and ELT (English Language Teaching) in Munich are also part of this through the 100 percent intermediate company Pearson Education Deutschland GmbH .
    • on the other hand Pearson Clinical and Talent Assessment , this division of the company develops and sells psychological test procedures for the clinical as well as for the human capital area. The use of clinical diagnostic procedures makes it easier for psychologists to find a diagnosis . B. Detect developmental disorders (test procedures such as Movement ABC-2; ET 6-6-R, BOT-2) in children or mental disorders (childhood & adulthood) and look for well-founded solutions. In the Talent Assessment area, diagnostic test procedures support HR specialists in the selection of personnel in order to recruit highly qualified and suitable employees for a company (test procedures such as SOSIE / DWP; Watson-Glaser Critical Thinking Appraisal).
    • Pearson is a partner in Bridge International Academies , which operate for-profit pre - primary and primary schools in African countries and India .

Pearson PLC has over 24,000 (2017) employees and sales of 4.219 billion pounds (2017).

history

The company goes back to the entrepreneurial activities of Samuel Pearson and his descendants since 1844. Initially a regional construction company with a focus in Yorkshire , Pearson developed at the end of the 19th century under the leadership of the company's founder's grandson, Weetman Pearson , into a global company that carried out major projects in the USA, China and Latin America, such as the East River Tunnels or realized the canal for the drainage of Lake Texcoco in Mexico City . The company became heavily involved in the Mexican oil industry from 1901 onwards, under the influence of the oil boom in neighboring Texas. The various holdings were combined to form the Aguila / Mexican Eagle Petroleum Company in 1909 and acquired by the Royal Dutch Shell in 1919. Aguila remained the largest Mexican oil company until it was nationalized. Also in 1919 Pearson acquired an initially 45 percent stake in the London branch of the Lazard banking house , which lasted in varying forms until the end of the 20th century.

The development of Pearson from a construction company and industrial group to a media group only took place after the Second World War.

In 2000, about bought Bertelsmann owned Luxembourg-German rival CLT-UFA (parent company, inter alia, the German television station RTL , RTL II , Super RTL , VOX and the UFA ) Pearson's TV division Pearson Television , and renamed itself then in RTL Group to ; The merger of Pearson Television with UFA within the RTL Group created the London-based FremantleMedia in 2001 , one of the largest European production companies and rights holder with subsidiaries in 22 countries.

In 2007, Pearson took over the Harcourt Assessment and Harcourt Education International business units from its British-Dutch competitor Reed Elsevier for 700 million euros .

A number of European business newspapers were part of the group through the FT Group. In 2007 the French financial newspaper Les Echos was sold to the luxury goods group LVMH . In January 2008, Gruner + Jahr Verlag took over the 50 percent stake in Financial Times Deutschland ; he was the sole owner from then until the paper was discontinued in 2012. The Spanish business newspaper Expansión is now being published by the Spanish Unidad Editorial , an 89% subsidiary of the Italian RCS MediaGroup . Stark Verlag (Hallbergmoos) has been part of the Pearson Germany media group since the beginning of August 2011 .

In 2013, the Bertelsmann publisher Random House merged with Penguin Books, which was part of Pearson. Bertelsmann received 53 percent of the shares and Pearson 47 percent of the newly created Penguin Random House Group. After Bertelsmann increased its stake in Penguin Random House to 75 percent in July 2017, Bertelsmann also took over the remaining 25 percent in December 2019, so that Penguin Random House is now wholly owned by Bertelsmann.

On July 23, 2015, the Japanese media group Nikkei announced that it had entered into an agreement with Pearson to purchase the Financial Times for £ 844 million (€ 1.2 billion). The transaction was completed on November 30, 2015. A few days later, Pearson confirmed that he was negotiating to give up half of his stake in The Economist Group . Most of the shares were sold to the Agnelli family in August 2015 .

Web links

Individual evidence

  1. ↑ 1844: First entrepreneurial activities of S. Pearson, 1969 IPO of Pearson plc
  2. ↑ a b Pearson 2018 Annual Report & Accounts , accessed July 7, 2019
  3. ↑ Converted at the rate on the balance sheet date, December 31, 2018
  4. ↑ www.thebookseller.com: Publishers Top 50 ( Memento from August 6, 2009 in the Internet Archive ) (PDF file)
  5. ^ Bridge International Academies in Kenya: quality schooling for less than $ 4 per day. africanbrains.net, March 15, 2011, accessed September 20, 2017
  6. ^ LVMH a racheté le groupe Les Échos , L'Express , November 6, 2007
  7. ↑ Pearson Germany buys Stark Verlag (HORIZONT Online from August 9, 2011)
  8. ↑ FOCUS Online: Bertelsmann and Pearson create largest book publisher in the world. Retrieved January 25, 2020 .
  9. ↑ Bertelsmann increases stake in Penguin Random House / three-quarters majority in the largest publisher. Retrieved January 25, 2020 .
  10. ^ Penguin Random House: Bertelsmann buys the book division completely. Retrieved January 25, 2020 .
  11. ↑ Nikkei completes acquisition of Financial Times , accessed July 7, 2019
  12. ↑ Fiat heirs increase their stake in the "Economist" , at www.spiegel.de , accessed on July 7, 2019