The failure of a recent bid to merge two large publishing companies shines a light on a central issue of cultural powerDespite a rise in self-publishing, commercial publishers are still the main gatekeepers of what arrives on our bookshelves. As such, they have great cultural and – if a book takes off – economic power. A case decided in a US court this week provided an insight into just how much of that power is now concentrated in a small handful of multinational companies.At issue was a planned merger of Simon & Schuster with Penguin Random House (PRH) – two of the so-called big five, which between them control 90% of the US publishing market, a fact not always obvious to the casual observer, as books usually carry on their spines the names of imprints, or subdivisions, of the parent company. PRH, itself the result of a mega-merger in 2013, runs about 300 imprints. Given the reach of these companies – PRH is active in more than 20 countries – the Department of Justice’s successful argument that the planned $2.2bn deal would “exert outsized influence over which books are published in the United States and how much authors are paid for their work” applies globally. Continue reading... Continue reading at 'The Guardian'
[ The Guardian | 2022-11-04 18:25:28 UTC ]
The free expression–averse, tariff-happy president is in the White House once more. This time, the book business knows what to expect—mostly. Continue reading at Publishers Weekly
[ Publishers Weekly | 2025-01-17 05:00:00 UTC ]
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Online literary journal 'Joyland' has relaunched as Joyland Publishing, an independent nonprofit publisher of fiction. Under the new umbrella are a reimagined 'Joyland' magazine and Joyland Editions, a small press that will put out two novellas a year. Continue reading at Publishers Weekly
[ Publishers Weekly | 2025-01-14 05:00:00 UTC ]
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Grin Publishing, focused on 'India's timeless stories and wisdom' enters a new distribution partnership with PRH India. The post Penguin Random House India To Distribute Grin Publishing appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2025-01-13 21:53:39 UTC ]
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Simon & Schuster has announced a new audio-first imprint, Simon Maverick, focused on self-published authors. Former Polis Books publisher Jason Pinter is the imprint’s VP and editorial director. Continue reading at Publishers Weekly
[ Publishers Weekly | 2025-01-09 05:00:00 UTC ]
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The retired CEO of Abrams Books has teamed with author and editor Sheridan Hay to form Filmore Projects, which will offer consulting, literary, and marketing advice for writers, publishers, and creative arts organizations and will also include a book publishing and packaging imprint, Galpón Press. Continue reading at Publishers Weekly
[ Publishers Weekly | 2025-01-07 05:00:00 UTC ]
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Though there were no billion-dollar deals along the lines of private equity firm KKR’s 2023 sale of RBmedia and purchase of Simon & Schuster, the year did produce a number of notable acquisitions that indicate a few developing trends. Continue reading at Publishers Weekly
[ Publishers Weekly | 2025-01-03 05:00:00 UTC ]
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Since 1985, literary agent Richard Curtis has irregularly chronicled the state of trade book publishing in verse in the pages of 'Publishers Weekly.' In honor of his final year-end poem, we've republished them all here. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-12-20 05:00:00 UTC ]
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No one has been more central to the publishing industry’s efforts to defend the freedom to read than the Penguin Random House SVP. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-12-17 05:00:00 UTC ]
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Penguin Random House Grupo Editorial has promoted Larry Downs to VP and publisher of its religious division, which has seen significant growth in sales of Bibles and related titles in the U.S. and Latin America. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-12-13 05:00:00 UTC ]
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The new program, Sourcebooks Audio, produced in partnership with Penguin Random House Audio Publishing Group, aims to put out more than 40 titles next year. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-12-12 05:00:00 UTC ]
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Sourcebooks' romance line Bloom Books has new partnerships with Penguin Random House in Germany and Companhia das Letras in Brazil. The post Sourcebooks Takes Bloom Books Romance into Germany and Brazil appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2024-12-11 22:07:41 UTC ]
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Penguin Random House will distribute all titles published by Boom! Studios, which it acquired this August, starting next July, taking over distribution to the bookstore trade from Simon & Schuster and to the direct market from Diamond Comic Distributors. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-12-11 05:00:00 UTC ]
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Effective January 1, Penguin Random House will raise its entry-level salary to $51,000, from $48,000, as well as base salaries across seven other employment levels. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-12-04 05:00:00 UTC ]
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Artificial intelligence is pushing the publishing world toward volume. That could drown out the good work. AI has the power to pump out words in record speed. And already, that’s substantially inflating the book publishing market. Continue reading at Fast Company
[ Fast Company | 2024-12-02 09:00:00 UTC ]
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The film distributor, production company, and streaming service, will launch a publishing arm, Mubi Editions, next April, focusing on titles on cinema and the arts. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-12-02 05:00:00 UTC ]
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Donald Trump is coming back to the White House, but don't expect another “Fire and Fury,” or much fire and fury in book publishing in general Continue reading at ABC News
[ ABC News | 2024-11-26 14:46:31 UTC ]
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"Surprising absolutely no one, Trump has already threatened Penguin Random House and THE NEW YORK TIMES with a $10 billion lawsuit related to the recent publication of LUCKY LOSER." Continue reading at Book Riot
[ Book Riot | 2024-11-26 11:00:00 UTC ]
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After a long ceremony and lots of wonderful speeches about books, presenting the winners of the 2024 National Book Awards: YOUNG PEOPLE’S LITERATURE: Shifa Saltagi Safadi, Kareem Between G.P. Putnam’s Sons Books for Young Readers / Penguin Random House * TRANSLATED LITERATURE: Yáng... Continue reading at Literrary Hub
[ Literrary Hub | 2024-11-21 02:57:44 UTC ]
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Laughter and terror: these will most certainly be the primary contributions of a second Donald Trump administration to the national mood. To wit: a new report from Columbia Journalism Review details a letter from Trump’s lawyer sent to the New York Times and Penguin Random House seeking $10... Continue reading at Literrary Hub
[ Literrary Hub | 2024-11-15 17:45:51 UTC ]
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President-elect Donald J. Trump is threatening to sue Penguin Random House and the ‘New York Times’ for $10 billion over allegedly “false and defamatory statements,” according to a letter reviewed by the ‘Columbia Journalism Review.’ Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-11-15 05:00:00 UTC ]
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