August 20, 2014

Random House-Penguin Merger Receives Green Light from U.S. Dept. of Justice

From Laura Hazard-Owen at paidContent: Random House parent company Bertelsmann and Penguin parent company Pearson announced Thursday that the Department of Justice has approved the proposed merger between Random House and Penguin “without conditions.” The merger, which remains under review by other antitrust authorities including the European Commission and the Canadian Competition Bureau, would create [...]

Big Six May Become Big Five—Random House and Penguin in Preliminary Merger Talks

Big Six May Become Big Five—Random House and Penguin in Preliminary Merger Talks

Pearson is in talks with Bertelsmann to combine Penguin and Random House, the company confirmed. However, “the two companies have not reached agreement and there is no certainty that the discussions will lead to a transaction,” Pearson said in a statement.

Textbook Publishers Settle Counterfeit Claims

Cengage Learning, John Wiley and Sons, Pearson Education, and McGraw-Hill Education settled five copyright and trademark infringement claims related to counterfeit textbooks, the companies announced recently. The five distributors who agreed to settle the publishers’ claims are: Kentwood Industries in California, Texas Book Company in Texas, Sterling Educational Media in Florida, Davis Textbook in California, […]

Penguin Parent Buys iUniverse Owner

Pearson, parent company of Big Six publishing company Penguin, acquired self-publishing company Author Solutions Inc. (ASI) from private equity firm Bertram Capital for $116 million in cash. The five year old company is better known by its brand names iUniverse and Xlibris, under which it has published about 190,000 print and electronic books so far by about 150,000 authors. The company has grown at approximately 12 percent for the past three years; in 2011, it made about $100 million in revenues.