Welcome to the world’s largest book publisher: Penguin-Random House merger complete

Random House parent company Bertelsmann and Penguin parent company Pearson announced Monday that the merger of the two publishers is complete, thus resulting in the world’s largest book publisher: Penguin Random House.
The merger follows approval by the U.S., Canada, the EU, Australia, New Zealand and China.
Random House CEO Markus Dohle will serve as CEO of Penguin Random House; Bertelsmann owns 53 percent of the combined company, and Penguin owns 47 percent. Combined, the companies publish over 15,000 books annually and have 10,000 employees, with revenues of $3.9 billion.

» via paidContent High-res

Welcome to the world’s largest book publisher: Penguin-Random House merger complete

Random House parent company Bertelsmann and Penguin parent company Pearson announced Monday that the merger of the two publishers is complete, thus resulting in the world’s largest book publisher: Penguin Random House.

The merger follows approval by the U.S., Canada, the EU, Australia, New Zealand and China.

Random House CEO Markus Dohle will serve as CEO of Penguin Random House; Bertelsmann owns 53 percent of the combined company, and Penguin owns 47 percent. Combined, the companies publish over 15,000 books annually and have 10,000 employees, with revenues of $3.9 billion.

» via paidContent

Notes

  1. doahappydance reblogged this from boycottxxxlove
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  3. enervatedgrace reblogged this from teachingliteracy
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  6. wonblackguy reblogged this from litreactor
  7. jukebox-jezebel reblogged this from dustypocketwatches
  8. dustypocketwatches reblogged this from litreactor and added:
    They couldn’t call it “random penguin house”?
  9. tordelray reblogged this from bookoisseur and added:
    Why didn’t they call it Random Penguin House?
  10. vintorez reblogged this from litreactor and added:
    Aaaah, my two favourite publishers have come together
  11. litreactor reblogged this from bookoisseur
  12. ohmygodwin reblogged this from bookoisseur
  13. bookoisseur reblogged this from teachingliteracy
  14. thisisabookblog reblogged this from teachingliteracy
  15. dinosdiedforklaine reblogged this from klaineandbiscuits
  16. klaineandbiscuits reblogged this from teabee1968 and added:
    I really wish they’d gone with Random Penguin;they could have printed all the penguins on the book spines facing every...
  17. teabee1968 reblogged this from crayonsandteaparties
  18. crayonsandteaparties reblogged this from yahighway
  19. freedomtochooseourownchains reblogged this from karynlibrarian
  20. karynlibrarian reblogged this from yahighway and added:
    Lat’s see where this is going.
  21. britishbeetch reblogged this from infoneer-pulse
  22. minustheamanda reblogged this from teachingliteracy
  23. theothermeiscatty reblogged this from yahighway
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  25. oliverwdahl reblogged this from yahighway and added:
    :0