Penguin Group

A Bankrupt Borders Makes Everyone Poorer, Especially Authors

Beginning as early as the end of the week, 6,000 Borders employees will be out work, and publishers will likely lose millions of dollars in bad debt. Hardest hit will be "midlist" authors -- those whose books aren't bestsellers but still do well enough to justify their

Pearson Profits Rise on Weak British Pound

Pearson PLC announced a double-digit rise in sales for 2009: a feat in a terrible economy, but one tempered by the fact that this boost comes largely due to a weak British pound. This year, the publisher of the Financial Times, Penguin, and Pearson Education intends to rely again on building sales through that weak currency.