Advertisement
YOU ARE HERE: LAT HomeCollectionsPenguin Group
IN THE NEWS

Penguin Group

BUSINESS
December 26, 2010 | By Alex Pham, Los Angeles Times
Joe Konrath can't wait for his books to go out of print. When that happens, the 40-year-old crime novelist plans to reclaim the copyrights from his publisher, Hyperion Books, and self-publish them on Amazon.com, Apple Inc.'s iBooks and other online outlets. That way he'll be able to collect 70% of the sale price, compared with the 6% to 18% he receives from Hyperion. As for future novels, Konrath plans to self-publish all of them in digital form without having to leave his house in Schaumburg, Ill. "I doubt I'll ever have another traditional print deal," said the author of "Whiskey Sour," "Bloody Mary" and other titles.
Advertisement
ENTERTAINMENT
July 1, 2013 | By Alexander Nazaryan
Calling their union “the world's first truly global trade book publishing company,” Penguin and Random House finalized on Monday morning a merger that brings together two legacy publishers, at a time when the rise of the Kindle, among other forces, threatens the dominance of the traditional publishing houses. The new group is called Penguin Random House . Its logo is the rather unimaginative placement of the two famed corporate images - Penguin's penguin and the Random House domicile - next to each other.
BUSINESS
April 11, 2012 | By Jim Puzzanghera and Andrea Chang
WASHINGTON - Former Apple Inc. Chief Executive Steve Jobs was a key player in a conspiracy with five major book publishers to drive up the price of digital books, federal and state officials said in antitrust lawsuits filed against the companies. Jobs helped orchestrate a complex price-fixing plan that cost consumers tens of millions of dollars over the last two years by boosting the price of many new releases and bestsellers by $3 to $5 each, federal investigators said. Apple even proudly described the maneuver - which gave the iPad maker a guaranteed 30% commission on each e-book sold through its online marketplace - as an "aikido move," referring to the Japanese martial art, according to the lawsuit.
ENTERTAINMENT
June 22, 2012
Radiohead has postponed part of its European tour after a stage collapse in Toronto killed the band's drum technician. A statement posted on the British band's website Thursday said they are dealing with grief from the accident and practical considerations that have forced them to postpone shows in Italy, Germany and Switzerland scheduled through July 9. Scott Johnson was killed Saturday when the stage came crashing down as the crew set...
ENTERTAINMENT
November 22, 2011
The Rev. Martin Luther King Jr.'s "I Have a Dream" speech, the Rolling Stones' "Exile on Main St.," Bill Cosby's "I Started Out as a Child" comedy album and musicologist Harry Smith's widely influential "Anthology of American Folk Music" collection are among 25 new recordings selected for the 2012 Grammy Hall of Fame, the Recording Academy announced Monday. The new entries, which also include Bruce Springsteen's "Born in the U.S.A. " album, Cole Porter's pop standard "Anything Goes," Grandmaster Flash and the Furious Five's pioneering rap single "The Message" and Tina Turner's career-rejuvenating hit single "What's Love Got to Do With It" bring the total number of recordings chosen for the Hall of Fame to 906. Other selections this year include Lester Flatt and Earl Scruggs' instrumental "Foggy Mountain Breakdown," Mahalia Jackson's "Precious Lord, Take My Hand," Gloria Gaynor's anthem "I Will Survive" and the Boston Symphony Orchestra's 1940 recording of Roy Harris' Symphony No. 3. —Randy Lewis Penguin stops e-book loans Library patrons hoping to borrow e-books published by Penguin may have to wait.
BUSINESS
February 16, 2010 | Mcclatchy-Tribune News Service
Since Amazon.com debuted its first Kindle e-book reader late in 2007, the reaction within the book industry has been a mix of welcome and scorn. Welcome because of the potential to tap an entirely new market -- before a wave of digital piracy similar to the one that decimated the music business. Scorn because of fears that the online retail giant, which already has a commanding share of the market for printed books, might use its leverage to seize control of the new market and push down prices even further.
CALIFORNIA | LOCAL
August 14, 2010
Elaine Koster Publisher with a knack for new talent Elaine Koster, 69, a publisher and literary agent with a knack for new talent who gave a second chance to an obscure horror writer named Stephen King and took on an unknown Khaled Hosseini and his novel "The Kite Runner," died Tuesday at St. Luke's Hospital in New York, according to Hosseini's publisher, Penguin Group (USA). The cause of death was not available. As publisher of the New American Library in the 1970s, Koster paid a then-enormous $400,000 for the paperback rights to King's "Carrie," which had sold poorly in hardcover, and was later credited with helping to make a blockbuster out of Erica Jong's "Fear of Flying.
BUSINESS
March 8, 2006 | Josh Getlin, Times Staff Writer
Irrational exuberance? Not to Penguin Press, which said Tuesday that it won a bidding war to publish the memoirs of former Federal Reserve Chairman Alan Greenspan. The deal reportedly will pay Greenspan an advance of more than $8.5 million, which would be the second-largest amount ever for a nonfiction writer. The biggest was the $10 million Alfred A. Knopf paid in 2001 for the memoirs of former President Clinton.
ENTERTAINMENT
June 8, 2004 | From Reuters
In a bid to lure men in Britain away from watching TV soccer games and into bookshops, publisher Penguin Books will send out a sexy model to offer $1,800 prizes to males spotted reading a selected title. The publicity ploy, launched Monday, aims to boost sales among men, who on average buy fewer books than women. Penguin's so-called Good Booking Girl will canvass the streets this month for men older than 16 reading versions of Nick Hornby's "31 Songs" that bear a special cover sticker.
NEWS
August 25, 2005 | From Associated Press
Carly Fiorina, the Hewlett-Packard Co. chief executive deposed last winter for failing to deliver enough benefits from the company's acquisition of Compaq Computer Corp., is writing a book about her career. The memoir, currently untitled, is scheduled to be published next year by Portfolio, an imprint of Penguin Group USA.
Los Angeles Times Articles
|