Random House and Penguin to Be CombinedBreaking News
Two European media companies, Bertelsmann and Pearson, confirmed Monday that they had agreed to combine their book publishing divisions, Random House and Penguin, creating the largest consumer book publisher in the world.
The deal would give the combined companies, already two of the biggest English-language publishers, an even greater scale to deal with the challenges arising from the growth of e-books and the power of Internet retailers like Amazon.com.
Together, the combined publishers would have a global market share of slightly more than 25 percent, and a book list that includes contemporary best-sellers like Random House’s “Fifty Shades of Grey” trilogy and Penguin’s back list of classics from authors like George Orwell....
comments powered by Disqus
- The six-day war: why Israel is still divided over its legacy 50 years on
- "Space archaeology" transforms how ancient sites are discovered
- A military cemetery whose African American history is hidden in plain sight in Philadelphia
- Texas Senate increases education board's textbook veto power
- The Secret Transcripts of the Six-Day War
- AHA joins protest of Trump’s plan for drastic cuts to the NEH
- Diane Ravitch says the Democrats paved the way for the education secretary's efforts to privatize our public schools
- Mark Moyar explains why he came to believe the Vietnam War was winnable
- How should Texas high schoolers learn history?
- What's the 'greatest witch hunt of a politician in American history’?