Analysis: if Bertelsmann, owner of Penguin Random House, buys US publisher, writers expect smaller deals and less choice for readersUK watchdog investigates Penguin owner’s Simon & Schuster takeoverJokes circulated online when, in 2013, Penguin and Random House merged: would the new mega-publisher, which became the world’s biggest trade publishing group, be known as Random Penguin? Penguin House? Now, as the prosaically named Penguin Random House’s parent company Bertelsmann’s $2.17bn acquisition of Simon & Schuster comes under scrutiny in the UK, the jokes are fewer and further between.Authors have made it abundantly clear that they fear the fallout if the deal goes ahead. When it was first announced last November, the Authors Guild in the US was quick to register its objections. The acquisition, which would bring heavyweight S&S authors including Hillary Clinton, John Irving, Stephen King and Bob Woodward under the PRH umbrella in the US, would “creat[e] a huge imbalance in the US publishing industry”, it warned, calling on the US justice department to step in. Continue reading... Continue reading at 'The Guardian'
[ The Guardian | 2021-03-22 23:24:23 UTC ]
ViacomCBS has announced plans to sell Simon & Schuster to publishing giant Penguin Random House LLC for a whopping $2.18 billion next year. Continue reading at Los Angeles Times
[ Los Angeles Times | 2020-11-25 21:02:17 UTC ]
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ViacomCBS agreed to sell the 96-year-old company in a deal that potentially creates a megapublisher. Continue reading at The New York Times
[ The New York Times | 2020-11-25 17:08:27 UTC ]
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German media firm, already owner of the giant Penguin Random House, says acquisition of another major publisher is ‘approvable’ within monopoly rulesGerman media group Bertelsmann is set to acquire publisher Simon & Schuster for $2.17bn, less than a year after it took control of Penguin... Continue reading at The Guardian
[ The Guardian | 2020-11-25 16:55:32 UTC ]
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Penguin Random House acquires Simon and Schuster, creating the largest megapublisher in the United States. Continue reading at Book Riot
[ Book Riot | 2020-11-25 15:00:18 UTC ]
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For book lovers, the announcement may feel like background noise, but the ramifications are huge. Continue reading at The Washington Post
[ The Washington Post | 2020-11-25 12:57:10 UTC ]
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US writers' body The Authors Guild has sent an open letter to Audible, demanding the company make changes to its policy on returns. Continue reading at The Bookseller
[ The Bookseller | 2020-11-24 08:16:59 UTC ]
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As this week’s FutureBook20 conference has shown, this is a year where change is at the top of the agenda for the publishing industry. And when it comes to changing the sort of books that get published and the sort of authors whose voices are heard, broadening the acquisition process is crucial. Continue reading at The Bookseller
[ The Bookseller | 2020-11-20 22:39:15 UTC ]
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Stephanie Purcell, group rights director at Simon & Schuster, has been appointed group rights director at Bloomsbury. Continue reading at The Bookseller
[ The Bookseller | 2020-11-19 19:54:32 UTC ]
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Robert Thomson, CEO of HarperCollins parent company News Corp, said during the company's annual meeting that a purchase of Simon & Schuster by Penguin Random House "will clearly be a serious antitrust issue." Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-11-19 05:00:00 UTC ]
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The book critic and Fake Accounts author says that smart readers are not being served by the publishing industry. The post Lauren Oyler on America’s Alienating Literary Culture appeared first on The Millions. Continue reading at The Millions
[ The Millions | 2020-11-18 21:30:25 UTC ]
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Orion is offering webinars "to demystify the publishing industry", starting this month. Continue reading at The Bookseller
[ The Bookseller | 2020-11-18 12:50:52 UTC ]
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The publishing industry should trust and listen to its communications teams to see greater change and audience growth, PR professionals said at The Bookseller's FutureBook conference on Tuesday (17th November). Continue reading at The Bookseller
[ The Bookseller | 2020-11-18 06:55:46 UTC ]
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The chatter is getting louder around the Simon & Schuster sale story, with News Corp arriving as another name associated with the process. The post New Insights Emerge Into Bidders for Simon & Schuster appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2020-11-17 19:13:31 UTC ]
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A sale of the venerable publisher of Stephen King and Hillary Clinton could fetch $1.7 billion and rev up consolidation in book publishing. Continue reading at The New York Times
[ The New York Times | 2020-11-17 08:28:15 UTC ]
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Rupert Murdoch's media giant News Corp has made a bid for Simon & Schuster, according to a report in the New York Times. Continue reading at The Bookseller
[ The Bookseller | 2020-11-17 08:28:03 UTC ]
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Saying that private equity firms had dropped out of the bidding, the 'New York Times' reported this morning that the country's first and second largest trade publishers—Penguin Random House and HarperCollins, respectively—were now the favorites to acquire Simon & Schuster, the country's... Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-11-17 05:00:00 UTC ]
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Former prime minister Gordon Brown has signed up to write a new book for Simon & Schuster, assessing seven major challenges facing the world. Continue reading at The Bookseller
[ The Bookseller | 2020-11-11 20:08:40 UTC ]
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Chriscynethia Floyd, a former executive at Simon & Schuster and David C Cook, has been hired as v-p and publisher of Our Daily Bread Ministries. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-11-09 05:00:00 UTC ]
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Simon & Schuster's rights team has sold A F Steadman's debut middle-grade series Skandar and the Unicorn Thief in 23 languages, with total advances in excess of £1m. Continue reading at The Bookseller
[ The Bookseller | 2020-11-04 00:06:17 UTC ]
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Kate McQuaid, currently publicity director at William Heinemann, Windmill and #Merky Books (Penguin Random House UK), is joining independent Rough Trade Books as its first publicist. Continue reading at The Bookseller
[ The Bookseller | 2020-11-02 23:47:34 UTC ]
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