Random House and Penguin to Be Combined
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
- WWII Atomic Bomb Project Had More Than 1,500 “Leaks”
- Neanderthal 'Art' Found In Cave Sheds Surprising New Light On Ancient Intelligence
- Midterm Election Mind-Reading: The Market Tends to Win
- Proof surfaces for affair between Queen Victoria and her male assistant
- Could humans cause another Paleocene-Eocene Thermal Maximum?
- Pro-Israel website chides Middle East Studies professors, claiming they’re apologists for Hamas
- UCLA Economist, Known as Railroad Historian, Dies at 89
- David Rosand, an Art History Scholar Whose Heart Was in Venice, Dies at 75
- NYT interviews Rick Perlstein about his book