Almost overnight, the New York book publishing landscape got a lot smaller—or bigger, if you happen to work for Random House or Penguin, which last week became the publishing industry behemoth Penguin Random House. With more than 10,000 employees, the new global publisher will control 25% of the market for general-interest books, putting out more than 15,000 titles—from Dan Brown's thrillers to Khaled Hosseini's best-sellers—from nearly 250 imprints and houses.Random House parent Bertelsmann, the German media giant, holds 53% of the new company, while Penguin's London-based parent, Pearson, maintains 47%. For the foreseeable future, Random House will stay put in midtown and Penguin will continue operating down on Hudson Street.The move to consolidate comes as publishers look for more bargaining power with Amazon, which dominates retailing while competing as a publisher. The New York houses are also looking for efficiencies in their two businesses—physical books, which require warehousing, and ebooks, which demand innovation.The Penguin Random merger was completed just days after Hachette Book Group announced its purchase of Disney's Hyperion, an essentially defunct adult general-interest imprint. Hachette gets a catalog of 1,000 titles and 25 yet-to-be published books, Disney can focus on children's books and television-related franchise titles, and Hyperion becomes a Hachette imprint. Continue reading at 'Crains New York'
[ Crains New York | 2013-07-07 00:00:00 UTC ]
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Director of author marketing, Pat Brown, spoke about how the company remains, even after being acquired by Amazon, a place for authors and their fans. Continue reading at Publishers Weekly
[ Publishers Weekly | 2013-10-10 00:00:00 UTC ]
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Tales of ruthlessness in leadership and competition from Bloomberg Businessweek journalist Brad Stone's new book about Amazon. Continue reading at AllThingsD
[ AllThingsD | 2013-10-10 00:00:00 UTC ]
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Penguin Random House c.e.o. Markus Dohle has told the Frankfurt Book Fair that the relationship... Continue reading at The Bookseller
[ The Bookseller | 2013-10-09 00:00:00 UTC ]
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And even better, Amazon's Whispersync technology picks up where you left off no matter whether you're reading, listening, or mixing the two. Continue reading at PC World
[ PC World | 2013-10-09 00:00:00 UTC ]
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At the Frankfurt Book Fair, VP of Kindle Content, Russ Grandinetti, shared some numbers about consumer usage of Kindle ebooks around the world. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2013-10-09 00:00:00 UTC ]
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Andrew Wiley argues that Amazon has entered the business of print publishing to mislead the Department of Justice into thinking it's something other than a digital distribution monopoly.Andrew Wiley, the megawatt literary agent publishing insiders know by the longstanding sobriquet “the Jackal,”... Continue reading at Los Angeles Times
[ Los Angeles Times | 2013-10-08 00:00:00 UTC ]
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Penguin has paid tribute to thriller giant Tom Clancy, who has died at the age of 66. Tom Clancy... Continue reading at The Bookseller
[ The Bookseller | 2013-10-02 00:00:00 UTC ]
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Scribd formally launched ebook subscriptions today and the company CEO said he believes the service could eventually produce $1 billion in annual revenue. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2013-10-02 00:00:00 UTC ]
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Richard House's The Kills (Picador), Charlotte Mendelson's Almost English (Mantle), and... Continue reading at The Bookseller
[ The Bookseller | 2013-10-01 00:00:00 UTC ]
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Spotify did it for music. Netflix did it for movies. And now, Trip Adler and Scribd are doing it for books. The 29-year-old entrepreneur and his six-year-old San Francisco startup just unveiled an online subscription service that gives you unlimited access to a large library of digital books for... Continue reading at Wired
[ Wired | 2013-10-01 00:00:00 UTC ]
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Alan Watt, who edited the anthology 'My First Novel,' invited 25 writers to contribute recollections about how they got their start. Continue reading at The Christian Science Monitor
[ The Christian Science Monitor | 2013-09-27 00:00:00 UTC ]
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Puffin editorial director Ben Horslen has pre-empted world rights to an "exceptionally... Continue reading at The Bookseller
[ The Bookseller | 2013-09-25 00:00:00 UTC ]
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The Financial Times and Goldman Sachs Business Book of the Year shortlist has been announced,... Continue reading at The Bookseller
[ The Bookseller | 2013-09-19 00:00:00 UTC ]
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Penguin is refusing to comment on speculation about a forthcoming autobiography from Morrissey.... Continue reading at The Bookseller
[ The Bookseller | 2013-09-19 00:00:00 UTC ]
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Chicago Defender President and Publisher Michael House is stepping down. House will retire effective Sept. 30 and will take a position with the National Newspaper Publishers Association, the Washington, D.C.-based federation that represents more th ... Continue reading at Editor & Publisher
[ Editor & Publisher | 2013-09-18 00:00:00 UTC ]
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If the Man Booker Prize does open itself to US writers, the administrators could have a tough job... Continue reading at The Bookseller
[ The Bookseller | 2013-09-17 00:00:00 UTC ]
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The Man Booker Prize has admitted that changes are being made to its rules. However the award has... Continue reading at The Bookseller
[ The Bookseller | 2013-09-16 00:00:00 UTC ]
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Many of novelist Stephen King's books and short stories have found their way to the screen either through a movie or mini-series. Some, like The Shining, have become classics in the eyes of fans, while others...well... This season a King novel has returned the author to prominence on the small... Continue reading at Betanews
[ Betanews | 2013-09-13 00:00:00 UTC ]
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An Ofcom study into consumers' digital consumption has found that Amazon has a dominant 79%... Continue reading at The Bookseller
[ The Bookseller | 2013-09-12 00:00:00 UTC ]
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Man Booker Prize director Ion Trewin has said the award has discussed changing its entry... Continue reading at The Bookseller
[ The Bookseller | 2013-09-09 00:00:00 UTC ]
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