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Lagardere’s fortunes improve thanks to TWBG acquisition

If there’s any doubt that Lagardere – the parent company of media conglomerate Hachette Livre – made the right move in buying the properties of the company formerly known as the Time Warner Book Group, then it should dissolve in the face of hard data. Specifically, that acquiring TWBG (now Hachette Book Group in the US and Little, Brown Book Group in the UK) helped sales at Hachette Livre grow by 13.6% in the first half of its financial year, according to results filed by Lagardere.

The group said the “good quarter”, was thanks largely to fine performances from the United Kingdom, Distribution, Education and Part-works, and a better performance from Literature in France. There was also “very strong” growth for Hodder Headline in the UK. The Bookseller added that sales rose from 719.7 to 817.4m pounds, with TWBG contributing 98m pounds to the top line in the second quarter alone. The second quarter also saw a strong contribution from Hodder Headline with revenue growth of more than 10%.

In short, a lot of good news on the financial front – though it remains to be seen how this will carry over on publishing fronts…

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Lauren Berger Writes New Book for Young People Entering "Real World"

Lauren Berger Welcome to the Real WorldCareer Expert, Lauren Berger, releases her second book, Welcome to the Real World: Finding Your Place, Perfecting Your Work, and Turning Your Job Into Your Dream Career (Harper Business), on April 22nd. In this book, Berger shares everything she wishes someone told her after graduation. Her book is the essential guide to anyone starting their first, second, or third job. She encourages readers to be fearless, step outside of their comfort zones, and go after what they want.