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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  5. literary-enthusiasts reblogged this from infoneer-pulse
  6. wonblackguy reblogged this from litreactor
  7. literarilyfamous reblogged this from litreactor and added:
    They couldn’t call it “random penguin house”?
  8. tordelray reblogged this from bookoisseur and added:
    Why didn’t they call it Random Penguin House?
  9. vintorez reblogged this from litreactor and added:
    Aaaah, my two favourite publishers have come together
  10. litreactor reblogged this from bookoisseur
  11. ohmygodwin reblogged this from bookoisseur
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  15. 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...
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  17. crayonsandteaparties reblogged this from yahighway
  18. freedomtochooseourownchains reblogged this from karynlibrarian
  19. karynlibrarian reblogged this from yahighway and added:
    Lat’s see where this is going.
  20. britishbeetch reblogged this from infoneer-pulse
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  22. theothermeiscatty reblogged this from yahighway
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  24. oliverwdahl reblogged this from yahighway and added:
    :0
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