April 15, 2014

Penguin Random House Releases First Annual Report Following Merger

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Nine months after the merger of two of the biggest names in the publishing world, stakeholders and industry watchers may have their first good idea of what to expect from the newly created book giant Penguin Random House (PRH). The company released the results of its 2013 fiscal year, and the details paint a rosy picture for investors, even while executives say there is a lot of work left to be done merging the former Penguin and Random House business operations.

Now There Are 5

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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?

Penguin, Random House Merger Is On

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Just days after word broke that a Penguin/Random House merger was a possibly, it’s nearly a done deal. The companies announced they’re creating a joint venture, pending regulatory approval. (To the disappointment of the Twitterverse, it will be named Penguin Random House, not Random Penguin.)