With the completion of the Penguin Random House merger on July 1, the company is now the world’s largest consumer book publisher. The newly formed company will have $3.9 billion in revenue, 10,000 employees, nearly 250 imprints, and a global reach, combining Random House’s strength in Latin America with Penguin’s hold in India and China. Penguin Random House will publish 15,000 new titles a year, about one-quarter of the world’s English-language books. What will this mean for the publishing landscape?
By October 29, 2012on