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UK Publishing described as "overall challenging environment"

Todd Swift | 30 March, 2023

News from The Bookseller

PRH revenues up but ‘challenging environment’ sees publisher fall short of targets

Penguin Random House (PRH) revenues rose in 2022 according to parent company Bertelsmann’s latest financial report, however operating EBITDA dipped due to what c.e.o. Nihar Malaviya described in a letter to staff as “an overall challenging environment”.

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