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Now: Penguin-Random

29 Oct

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The New York Times wrote today that Bertelsmann, the owner of Random House, and Pearson, which owns Penguin, said that they had reached an agreement to combine the two publishing houses to create the largest consumer book publisher in the world.

It is said, the deal would give the combined companies greater scale (and a global market share of more than 25 percent) to deal with the challenges arising from the growth of electronic books and the power of Internet retailers. Google? Apple? Amazon?

Together, Penguin Random House would have a book list that includes contemporary best sellers like Random House’s “Fifty Shades of Grey” and Penguin’s back list of classics from authors including George Orwell. Read the article about the book publishing industry “getting smaller to get stronger”.

According to Wickipedia Pearson has quite a few imprints:  Allen LaneAveryDialDuttonDorling, Berkley BooksGrosset & DunlapLadybirdPlumePuffinPenguinPutnam,Michael JosephRiverheadRough Guides, and Viking among others.

Among Bertelmanns some 2000 subdivisions, subsidiaries, and branches are Random HouseRTL GroupGruner + JahrArvato, and BMG Rights Management.  Bertelsmann is majority owned (77.4%) by the Bertelsmann Foundation, a non-profit organisation and political think tank founded by the Mohn family. The Mohn family owns the remaining 22.6% of the company.

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1 Comment

Posted by on October 29, 2012 in Publishing News

 

Tags: , , , , , , ,

One response to “Now: Penguin-Random

  1. Stan Lynde

    October 29, 2012 at 7:55 pm

    great blog, informative posts

     

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