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ENTERTAINMENT
October 29, 2012
Random House will merge with Penguin, the companies said Monday, creating Penguin Random House, a publisher with about 25% of the American trade publishing market. Penguin Random House is expected to debut in late 2013. The parent companies -- Germany's Bertlesmann (Random House) and England's Pearson (Penguin) -- inked a deal early Monday, according to news reports. The news came fast on the heels of several reports that Rupert Murdoch's News Corp. was prepared to make a $1.6-billion bid for Penguin.
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ENTERTAINMENT
April 7, 2014 | By Carolyn Kellogg
British writer David Mitchell's next novel will be "The Bone Clocks," publishing on Sept. 9, 2014, his publisher Random House told the L.A. Times on Monday. The announcement includes new details about "The Bone Clocks" as well as news of a three-book deal with Mitchell, a two-time Booker Prize finalist. "The Bone Clocks" will be, Random House writes, "a stunning epic that follows Holly Sykes, who runs away from her home in Southwest England in 1984 and 60 years later is raising her granddaughter on the coast of Ireland, as almost everything about her world has changed forever.
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BUSINESS
October 25, 2012 | By Tiffany Hsu
John Grisham and Tom Clancy in the same house? It's possible, if newly confirmed merger talks between the publishers of the mega-authors are confirmed. Pearson, which owns Clancy publisher Penguin Group, issued a statement Thursday saying that it is discussing “a possible combination” with Bertelsmann, the parent company of Grisham publisher Random House. Bertelsmann, based in Germany, also runs a radio and television empire in Europe and controls the continent's top magazine publisher.
ENTERTAINMENT
October 29, 2013 | By Carolyn Kellogg
The online writing community Figment has been acquired by Random House Children's Books, the company announced on its website Tuesday. Founded in 2010 by Dana Goodyear and Jacob Lewis, Figment is an online writing community aimed at teens. "Figment is a user-generated platform. It's essential that our users feel a sense of ownership ," Lewis told to The Times' David Ulin in 2012. That year, the site was awarded the L.A. Times Book Prizes' Innovators Award for its forward-thinking engagement of young readers and writers.
ENTERTAINMENT
February 14, 2013 | By Carolyn Kellogg
The Justice Department has given the green light to Random House and Penguin for their proposed merger, they announced Friday. The department approved the proposed merger of the two major publishing companies “without conditions.” In October , the companies confirmed that they had plans to merge into a single entity, Penguin Random House (Alas, not Penguin House or Random Penguin).  Random House is part of Bertelsmann Group, based in Germany; Penguin is part of Pearson, which is based in England.
BUSINESS
October 26, 2012 | Bloomberg News
British publishing house Pearson said it's in talks to combine its Penguin book publishing unit with Random House Inc. as the media companies try to bulk up in response to a surge in providers of electronic books. The merged company would have combined revenue of about $3 billion, based on 2011 annual reports. No agreement has been reached and the discussions may not lead to a transaction, Pearson said in a statement. Christian Steinhof, a spokesman for Random House' parent company, Bertelsmann, referred to Pearson's statement and declined to comment further.
ENTERTAINMENT
March 27, 2013 | By Jenny Hendrix
Publishing giant Random House posted record profits last year, Publisher's Weekly reports. Thanks to E.L. James' "Fifty Shades" trilogy, revenue at the Bertelsmann-owned publisher exceeded $420 million in 2012 -- up a staggering 75% from the year before. The erotic tale of a college student and a millionaire with a taste for bondage, "Fifty Shades of Grey" and its sequels "Fifty Shades Darker" and "Fifty Shades Freed," sold over 70 million copies between March and December of 2012, accounting for -- believe it or not -- one out of every 10 books Random House sold in print or online.
ENTERTAINMENT
August 5, 2006 | From Reuters
Random House Inc. has acquired the evangelical Christian book-publishing house Multnomah Publishers, a move that reaffirms the growing mainstream popularity of religious books. "There is an enormous market and it is a growth market," Random House spokesman Stuart Applebaum said. "We believe that it is a timeless interest." Oregon-based Multnomah is Random House's second Christian imprint. The first, WaterBrook Press, was created in 1996.
ENTERTAINMENT
June 12, 2007 | From the Associated Press
The executive editor of the Random House Publishing Group, Daniel Menaker, is leaving at the end of the month "to devote more time to his own writing and to teach," the company announced Monday. Menaker, 65, is known for his work with such literary authors as Salman Rushdie, Benjamin Kunkel and former U.S. poet laureate Billy Collins. Menaker, whose novel "The Treatment" was recently made into a feature film starring Ian Holm, will continue to work on "selected" Random House titles.
NEWS
May 18, 2006 | From the Associated Press
Publishing giant Random House is planning a tenfold increase in the amount of recycled paper it uses in books printed in the United States. The company announced Tuesday that by 2010, about 30% of the uncoated paper used in most of its U.S. titles will be made from recycled fibers, up from less than 3% now. Random House Inc. called the change "the most substantial environmental initiative in the company's history" and said it would save the equivalent of 550,000 trees per year.
ENTERTAINMENT
July 11, 2013 | By Carolyn Kellogg
PEN American Center announced the finalists for its 2013 awards Thursday. The organization will present 16 prizes, giving away nearly $150,000 to writers, editors and translators. At $25,000, the PEN/Robert W. Bingham Prize for debut fiction is the largest single award. Michigan-based independent publisher Dzanc Books made the shortlist with Jac Jemc's "My Only Wife. " The University of Chicago Press' rare foray into original fiction paid off, with "A Naked Singularity" by Sergio de la Pava -- a 688-page novel -- landing on the shortlist as well.
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.
CALIFORNIA | LOCAL
April 26, 2013 | By Joseph Serna
A sex offender parolee who cut off his ankle GPS device was found after he randomly walked into a man's house and made himself at home, police said Friday. The San Bernardino County Sheriff's Department took Gary Bakken's claim with a grain of salt last week, when he told authorities he thought the home he'd set up in belonged to a relative. Police say Bakken, 52, walked into an unlocked home in Highland about 6:45 a.m. Saturday and began settling in for an extended stay. Sheriff's department officials say Bakken arranged his personal belongings in a bedroom and even took a shower.
ENTERTAINMENT
April 23, 2013 | By Carolyn Kellogg
A manuscript of Truman Capote's "Breakfast at Tiffany's" is being auctioned online by R.R. Auctions this week. The manuscript includes Capote's handwritten edits, including one of the most significant: He changes the main character's name to Holly Golightly. Indeed, who would find Connie Gustafson appealing? Holly Golightly is far more attractive. R.R. Auctions describes the manuscript as the "final working draft manuscript for its 1958 Random House publication, 8.5 x 11, consisting of its entire 84 pages, mainly on high-quality goldenrod yellow paper, and copiously annotated throughout by author Truman Capote.
ENTERTAINMENT
March 27, 2013 | By Jenny Hendrix
Publishing giant Random House posted record profits last year, Publisher's Weekly reports. Thanks to E.L. James' "Fifty Shades" trilogy, revenue at the Bertelsmann-owned publisher exceeded $420 million in 2012 -- up a staggering 75% from the year before. The erotic tale of a college student and a millionaire with a taste for bondage, "Fifty Shades of Grey" and its sequels "Fifty Shades Darker" and "Fifty Shades Freed," sold over 70 million copies between March and December of 2012, accounting for -- believe it or not -- one out of every 10 books Random House sold in print or online.
ENTERTAINMENT
February 14, 2013 | By Carolyn Kellogg
The Justice Department has given the green light to Random House and Penguin for their proposed merger, they announced Friday. The department approved the proposed merger of the two major publishing companies “without conditions.” In October , the companies confirmed that they had plans to merge into a single entity, Penguin Random House (Alas, not Penguin House or Random Penguin).  Random House is part of Bertelsmann Group, based in Germany; Penguin is part of Pearson, which is based in England.
ENTERTAINMENT
May 6, 2008 | Josh Getlin
Random House Inc. chief Peter W. Olson, under fire because of lower profits, will soon resign his post as head of the world's largest trade book publisher, according to reports published Monday on the New York Times website. The reports, which had been the subject of rumor and speculation in the European media for several weeks, were attributed to executives with Bertelsmann, the German media conglomerate that owns Random House. -- Josh Getlin
NEWS
November 15, 1996 | PAUL D. COLFORD, Newsday
Random House President Harold Evans on Thursday named Peter Bernstein, a son of the former chairman, to be publisher of the Times Books division. Bernstein, 45, an editor at U.S. News & World Report since 1989 and a co-editor of reference books, is a son of Robert L. Bernstein, who led Random House for 23 years, until he abruptly stepped down in 1989 following a dispute with S.I. Newhouse Jr., whose family owns the company.
ENTERTAINMENT
December 11, 2012
5,000 'Shades' of green Thanks to "Fifty Shades of Grey," employees at Random House Inc. are seeing green. Every worker, from sales to editorial to distribution, will receive a $5,000 bonus, prorated for those who joined Random House during the year. In a companywide letter sent Monday, chief executive officer Markus Dohle noted the publisher's "unprecedented success" in 2012. E.L. James' erotic trilogy has sold more than 35 million copies and Random Houser also released such bestsellers as Gillian Flynn's "Gone Girl" and Robert Caro's "The Passage of Power.
ENTERTAINMENT
November 20, 2012 | By Carolyn Kellogg
HarperCollins and Simon & Schuster are in preliminary merger talks, according to the Wall Street Journal. Why not? Everybody's doing it. A merger between two of the other big six publishers was announced Oct. 29. Random House and Penguin plan to merge, after passing all regulatory hurdles. The deal is rumored to be for $2 billion to $3 billion; when you think about it, that's a pretty big range, not to mention an enormous chunk of change for an industry that is commonly thought to be teetering on the edge of oblivion.
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