October 29, 2012 |
Call it Fifty Shades of Consolidation. Publishing giants Penguin and Random House are getting hitched as their respective corporate parents, Britain's Pearson and Germany's Bertelsmann, merge their publishing units . The marriage will bring under one roof fantasy novelist Terry Pratchett, "Fifty Shades of Grey" author E.L. James and 2012 Nobel prize winner Mo Yan. The new entity will be called Penguin Random House. "The consumer publishing industry is going through a period of tumultuous change, propelled by digital technologies and the giant companies that dominate them," said Pearson Chief Executive Marjorie Scardino.
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.
October 26, 2012 |
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.
October 25, 2012 |
On Thursday news came from Europe that Random House parent Bertlesmann is in talks with Pearson to acquire its publisher Penguin. Random House is already the largest of the big six major publishers, and in fact, is the largest publisher in the world. But it could soon get bigger, increasing by about the size of Penguin. "Pearson confirms that it is discussing with Bertelsmann a possible combination of Penguin and Random House," the company said in a statement. "The two companies have not reached agreement and there is no certainty that the discussions will lead to a transaction.
October 25, 2012 |
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.
October 9, 2012
Jim Lehrer says he accomplished precisely what he wanted while moderating the first presidential debate: He got Mitt Romney and Barack Obama to talk to one another. The former PBS anchor took heavy flak on social media for his light hand during Wednesday's debate. He asked general, open-ended questions and let the candidates go at it. Lehrer said in an interview that it was a conscious effort to encourage a different kind of debate, one he said Monday will be looked back upon as a watershed.
October 8, 2012 |
Lena Dunham scored a $3.5 million book deal, the New York Times reported Monday. The writer/director/star of HBO's "Girls" had been said to be shopping around a deal seeking $1 million and up. Random House went up: The publisher signed Dunham for more than $3.5 million, according to reports. The publisher has declined to confirm the exact amount. Dunham's "Girls" has been a critical hit and pop culture juggernaut for HBO. Can her book do the same for Random House? Slate saw a draft of the circulating book proposal.
July 9, 2012
Lots of Candles, Plenty of Cake A Memoir Anna Quindlen Random House: 187 pp., $26
April 9, 2012
The Power of Habit: Why We Do What We Do in Life and Business Charles Duhigg Random House: 371 pp, $28
February 22, 2012
Enemies A History of the FBI Tim Weiner Random House: 560 pp., $30