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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Penguin Random House has won the auction for books from former President Barack Obama and former First Lady Michelle Obama. PRH acquired world publication rights for both books, to be written by President and Mrs. Obama respectively. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-03-01 00:00:00 UTC ]
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Books by former president and first lady said to have been sold for more than $60m and will focus on White House yearsBarack and Michelle Obama have signed book deals with Penguin Random House, the publisher announced on Tuesday.Financial terms were not disclosed for the books, for which several... Continue reading at The Guardian
[ The Guardian | 2017-03-01 00:00:00 UTC ]
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Former President Barack Obama and Michelle Obama in Washington last year. They plan to donate a portion of the advances for their books to charity. Continue reading at The New York Times
[ The New York Times | 2017-03-01 00:00:00 UTC ]
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The awards, first announced last year by the Penguin Random House Foundation, are an effort to support and recognize the work oflibrarians. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-01-20 00:00:00 UTC ]
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Pearson plans to sell its 47 percent stake in the publisher, which is home to John Grisham, “The Girl on the Train” and the “Game of Thrones” books. Continue reading at The New York Times
[ The New York Times | 2017-01-19 00:00:00 UTC ]
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Management have moved to reassure staff and writers that selling the 47% holding will not affect business, but authors and agents express uneaseAuthors and staff have reacted cautiously to news that Pearson is to sell its stake in Penguin Random House (PRH), the world’s biggest publisher and... Continue reading at The Guardian
[ The Guardian | 2017-01-18 00:00:00 UTC ]
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Pearson intends to sell its 47% stake in Penguin Random House and will be issuing an "exit notice" to its joint venture partner Bertelsmann, which holds a majority 53% stake in the group. Bertelsmann has responded by saying it is "open" to increasing its share in the world’s biggest trade... Continue reading at The Bookseller
[ The Bookseller | 2017-01-18 00:00:00 UTC ]
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Faced with worse-than-expected results in its North American higher education publishing business, Pearson said this morning that it is putting its 47% stake in Penguin Random House up for sale. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-01-18 00:00:00 UTC ]
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Following widespread outcry after the publisher announced it was ending its relationship with unions, fresh talks suggest a new agreement is in the offingIn what is being widely interpreted as a management climbdown, Penguin Random House, the world’s biggest publisher, has resumed talks with... Continue reading at The Guardian
[ The Guardian | 2016-12-21 00:00:00 UTC ]
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Open letter from writers including David Almond, Michael Rosen and Meg Rosoff calls on publisher to ‘reverse its decision to derecognise unions’Children’s authors David Almond, Michael Rosen and Meg Rosoff are among more than 140 writers, booksellers and librarians who have signed a letter... Continue reading at The Guardian
[ The Guardian | 2016-12-19 00:00:00 UTC ]
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Workers from Unite and NUJ fear move heralds industrial strife at company that publishes one in four books sold globallyPenguin Random House, the publisher of hits including The Girl on the Train, Fifty Shades of Grey and Jamie Oliver’s cookbooks, has terminated its collective agreement with... Continue reading at The Guardian
[ The Guardian | 2016-12-16 00:00:00 UTC ]
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Industry’s lack of diversity ‘is a real issue, and we have been slow’, says Tom Welson, launching a new scheme to attract under-represented communitiesThe chief executive of the UK’s largest publisher has warned that the books industry will “become irrelevant” if it continues to fail to reflect... Continue reading at The Guardian
[ The Guardian | 2016-10-10 00:00:00 UTC ]
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Under the new Subway Reads promotion, NYC commuters will be able to download free ebooks via free wi-fi installed at 175 subway stations. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-08-29 00:00:00 UTC ]
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Penguin Random House is the world’s leading trade book publisher, comprised of nearly 250 imprints and brands on five continents, with more than 15,000 new titles and 800 million print, audio and ebooks sold annually. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-08-26 00:00:00 UTC ]
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Penguin Random House will be united under one roof, as Penguin is preparing to join Random House at its 1745 Broadway location in early 2019. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-08-09 00:00:00 UTC ]
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It's no surprise that book publishing giant Penguin Random House has plenty of success selling rights around the world. Here are their most recent highlights from the US and UK. The post What’s Selling: Global Rights Update from Penguin Random House appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2016-07-27 00:00:00 UTC ]
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Penguin Random House has reached an agreement to sell its travel division, Fodor’s, to Internet Brands, a Los Angeles-based online media and technology company. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-06-21 00:00:00 UTC ]
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The annual AWP conference opened Thursday at the L.A. Convention Center with nearly 11,000 attendees and a record number of exhibitors. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-04-01 00:00:00 UTC ]
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Post-merger integrations have yielded improved margins at the world's largest trade publisher. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-03-25 00:00:00 UTC ]
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German media group reiterates plan to increase stake to 70-75% as full-year core profits climb 4.7%Bertelsmann has reported a 4.7% rise in full-year core profit and reiterated its plan to raise its stake in Penguin Random House, the book publisher which helped to drive the earnings increase. The... Continue reading at The Guardian
[ The Guardian | 2016-03-22 00:00:00 UTC ]
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