Pearson buys a small stake in Nook Media, wants a fast track for digital education

Pearson buys a small stake in Nook Media, wants a fast track for educational ebooks

Publishers often want to work closely with e-book outlets — possibly a little too closely — but it’s rare that they involve themselves directly. Pearson is taking that uncommon step by making a 5 percent, $89.5 million investment in Nook Media, the joint venture between Barnes & Noble and Microsoft. Some of the reasoning won’t be made public until Barnes & Noble provides holiday sales results on January 3rd, but Pearson is clear that it’s furthering its online education plans: it wants Nook Media’s distribution skills to make a “seamless and effective experience for students.” Just when we’ll see this harmony is still up in the air, though. Nook Media has yet to outline what Microsoft’s partnership means for e-books and e-readers, let alone how Pearson factors in. We’re not expecting a sea change until companies start speaking up.

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Penguin and Random House merge, promise a brave new e-book future

Penguin and Random House merge, promise a brave new ebook future

The pressure of digital transitions can lead traditional media companies to circle the wagons — for better or for worse — and book publishers certainly aren’t immune as e-books take hold. Bertelsmann and Pearson are worried enough to be merging their respective Random House and Penguin publishing wings into a joint venture, not-so-creatively titled Penguin Random House, that they hope will better survive “long-term trends” like the shift away from paper-centric business models. While the two are engaged in the usual corporatespeak of creating “synergies” (read: resource cuts), we’re more interested in talk of the union being a springboard for digital efforts: Penguin Random House wants to be “more adventurous” with e-book models like self-publishing. Whether the merger leads to a renaissance for established publishers or just reduced competition when the deal closes in the back half of 2013, we’re bracing ourselves for the possibility of a Fifty Shades of Jamie Oliver crossover.

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Penguin and Random House merge, promise a brave new e-book future originally appeared on Engadget on Mon, 29 Oct 2012 10:15:00 EDT. Please see our terms for use of feeds.

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Google Wallet reaches the web, reminds most of us that it exists

Google Wallet reaches the web, reminds most of us that it exists

Unless you happen to be using the right phone on the right carrier, you might not know that Google Wallet is even a reality: the close association with NFC-based mobile payments on one network has largely kept it out of the public eye. Many more are about to see Wallet in action now that Google has quietly introduced it to the web. No, you won’t tap your phone against your computer screen; the web version is mostly targeted at microtransactions and gives readers more than a few ways to buy without getting burned, such as long and blurred-out previews, a narrow price range between 25 to 99 cents and an Instant Refund option that gives no-questions-asked credit within half an hour. Only Oxford University Press as well as Pearson’s DK and Peachpit publishing wings are known to be testing Wallet at this stage, but Google is already soliciting new partners for the e-commerce service before the customary blog post is active — a sign that Mountain View is eager to get Wallet on the web rolling a little faster than its slow-moving mobile counterpart.

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Google Wallet reaches the web, reminds most of us that it exists originally appeared on Engadget on Thu, 04 Oct 2012 07:43:00 EDT. Please see our terms for use of feeds.

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