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 ]
Improving psychological safety, clarity around corporate strategy, and more attention on professional development are the three areas of focus Penguin Random House will prioritize over the two years, according to a memo from global CEO Nihar Malaviya. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-01-10 05:00:00 UTC ]
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The AAP StatShot report for October shows US book publishing revenues at US$10.6 billion in the first 10 months of 2023. The post AAP StatShot: US Industry Was Up 1.8 Percent in October appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2024-01-09 20:42:57 UTC ]
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The newly launched lawsuit of OpenAI and Microsoft by The New York Times parallels legal actions from the book publishing industry. The post AI: Copyright Challenges Now Include a New York Times Lawsuit appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2024-01-04 19:59:05 UTC ]
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In one of Electric Lit’s most-read essays of the year, “Black Women Are Being Erased From Book Publishing,” Jennifer Baker examines the publishing industry in the wake of the Black Lives Matter movement in 2020. She holds the publishing industry accountable for appointing high-profile Black... Continue reading at Electric Literature
[ Electric Literature | 2023-12-21 12:15:00 UTC ]
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Jonathan Karp took over as CEO of Simon & Schuster in May 2020 under the most challenging conditions. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-12-15 05:00:00 UTC ]
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Hay House, founded by the late Louise Hay and acquired by Penguin Random House, has offices in Australia, India, the States, and UK. The post Penguin Random House Acquires Self-Help Publisher Hay House appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2023-12-13 03:58:01 UTC ]
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Penguin Random House has acquired the self-help and health and wellness publisher, which puts out roughly 100 books a year and boasts a 1,500-title backlist. CEO Reid Tracy will continue to lead the house. Terms of the transaction were not disclosed. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-12-12 05:00:00 UTC ]
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In its first major move since being acquired by KKR, Simon & Schuster has announced that longtime Little, Brown editor-in-chief Judy Clain will join S&S as senior v-p and publisher of Summit Books, with a mandate to revive and refocus the imprint. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-12-11 05:00:00 UTC ]
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A deep bench of experience, from Penguin Random House and Disney to TikTok and YouTube, is on Simon & Schuster's new board of directors. The post Simon & Schuster Names Its New Board Members appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2023-12-07 21:21:07 UTC ]
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This week on The Maris Review, Naomi Alderman joins Maris Kreizman live at the Strand Bookstore in New York City to discuss The Future, out now from Simon & Schuster. Subscribe and download the episode, wherever you get your podcasts. * from the episode: Maris Kreizman: You really captured... Continue reading at Literrary Hub
[ Literrary Hub | 2023-12-07 09:06:54 UTC ]
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Following the purchase of Simon & Schuster by private equity firm KKR, the publisher has named its new board of directors, which includes S&S CEO Jonathan Karp, industry veteran Richard Sarnoff, and former Penguin Random House US CEO Madeline McIntosh. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-12-07 05:00:00 UTC ]
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A lot of us talk the talk about what’s wrong with book publishing today—but who among us is walking the walk and actually effecting change in the world of literature? On Missing Pages, which I host for The Podglomerate, we look into past and present situations and processes (even scandals and... Continue reading at Electric Literature
[ Electric Literature | 2023-12-06 12:00:00 UTC ]
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The publishing market of Chile — where 'the sky and the stars tell their own stories' — Juergen Boos says, is Frankfurt's 2027 guest of honor. The post Frankfurter Buchmesse Names Chile Its 2027 Guest of Honor appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2023-12-01 20:49:21 UTC ]
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Penguin Random House — along with the Iowa State Education Association, authors, students, and educators — is taking Iowa to court for its law against sexual content in books. The post Penguin Random House Sues the US State of Iowa appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2023-11-30 23:47:44 UTC ]
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The rollout of “Endgame” caused a scandal after a quickly withdrawn translation named family members said to have asked about the skin color of Prince Harry and Meghan’s future son. Continue reading at The New York Times
[ The New York Times | 2023-11-30 16:38:36 UTC ]
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Penguin Random House and the Iowa State Education Association, along with four bestselling authors and five plaintiffs from the state of Iowa, have sued the state to block key provisions of its sweeping new law banning books with sexual or LGBTQ+ content in schools. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-11-30 00:00:00 UTC ]
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Photo by Rachel Cobb Maggie Haberman and Jonathan Swan have signed a lucrative deal with Simon & Schuster to write a book about whatever the hell happens to Donald Trump in 2024. Oh, sorry: THIS IS AN AXIOS SCOOP! • SCOOP! • SCOOP! Yes, that’s right, this book will be either a gritty... Continue reading at Literrary Hub
[ Literrary Hub | 2023-11-27 13:59:34 UTC ]
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The senior editor at Simon & Schuster, who acquired NBA finalist ‘Temple Folk’ after putting out a call for submissions on Instagram, wants to make the publishing industry more transparent and accessible. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-11-24 05:00:00 UTC ]
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After executive roles at Grosset & Dunlap and Simon & Schuster, Artenstein launched RGA/Lowell House in 1984, and sold the company to the NTC/Contemporary Publishing Group in 1998. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-11-13 05:00:00 UTC ]
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Nicholas Cornwell will return his father’s best-loved spy to the page in a new novel set between The Spy Who Came in from the Cold and Tinker Tailor Soldier SpyFans of thriller writer David Cornwell – better known by his pen name John le Carré – may have thought they had seen the last of... Continue reading at The Guardian
[ The Guardian | 2023-11-10 14:00:10 UTC ]
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