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.
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?
My favorite comment on the merger of Penguin and Random House was in an Op Ed in the New York Times. “[M]aybe Random Penguin, as a few wags have suggested, would have been a more apt name.” (The name was widely tweeted and depicted as well.) I can see the image in my own mind, an even more eccentric-looking penguin than Penguin’s own, looking around with a slightly drunken gaze. It is so much more satisfying than the temporary logo.
As publishing evolves and writers turn to digital outlets to create and distribute new works, major publishers like Random House Publishing Group, a division of the newly formed Penguin Random House, have committed to finding these new authors and delivering exciting fresh content to today’s most tech-savvy readers. Sarah Peed is the associate editor at […]
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 […]
The stultifying confusion over library ebook lending would benefit from a more empirical approach, and I would like to propose that for at least the short term HarperCollins’s 26-loan cap model, while far from perfect, should receive more careful analysis.
The company has said it before but are librarians paying attention to what it could possibly mean?
Skip Dye, vice president, director of library and academic marketing and sales for Random House, discusses the publisher’s views on ebooks in libraries as part of a series of Q&As leading up to “The Digital Shift: Libraries, Ebooks and Beyond,” LJ’s third annual ebook summit on Wednesday, October 17.