This site will look much better and function properly in a browser that supports web standards.

bookbuffet: the one-stop web resource for book groups
Cover Image of Unaccustomed Earth by Jhumpa Lahiri published by Knopf
Cover Image of Little Children : A Novel by Tom Perrotta published by St. Martin's Press
Cover Image of The Time Traveler's Wife (Harvest Book) by Audrey Niffenegger published by Harvest Books
 
bookbuffet features
 

Penguin and Random House Merger Completed

abstract:M&A's are common in the business world, and the publishing world is no exception. The traditional "big six" has just been slashed to five with the merger of Penguin (Pearl) and Random House (Bertalsman). What does it all mean? John Makinson is chairman of Penguin Random House and Markus Dohle, serving as CEO says,

"As outlined by its parent companies, PRH will have over 10,000 employees worldwide and publish more than 15,000 new titles every year across 250 imprints. It is estimated that the new trade publishing powerhouse will have annual revenue of $3.9 billion."

One can't help but think this is a move to better compete with Amazon and the nexus between online sales, online publishing and self-publishing trends in sales and marketing. Advocates from either corporate side had two tongue-in-cheek ideas for the merger's new corporate name depending on their stripe: Random Penguin or Penguin House. Let's see how things look when the dust settles.

article:

July 01, 2013

 

 

Social Bookmarks
analytics
home |  about |  buy books |  contact |  help |  legal |  media & press releases |  privacy |  reviewers & authors |  sitemap | 
tell a friend
 
© 2017 BookBuffet LLC
 
using bookbuffet
about book groups
online discussions
links & resources
find a book store
book archives & research