Penguin / Random House merging!
Well, it’s official. Suspiciously releasing the news on a day the east coast already has enough to deal with, Random House and Penguin have
announced that they are officially merging.
This will result in the creation of “Penguin Random House”, and will give them a stake in about 25% of the publishing marketplace. It remains to be seen what this will really mean, but it is a move that is sure to be met with much nervousness from their employees, as well as authors, editors, and agents
alike – and it will drop the number of major publishers from 6 to 5. What are your thoughts on this, dear readers?
While we do worry about what something like that could mean for the over 9,000 people those two companies currently employ (and Shelf Pleasure co-founder Kristen is particularly glad to be watching this play out from the sidelines in Los Angeles instead of behind the desk she used to inhabit at
Penguin), we’re wondering what this could mean for readers. So, readers: what do you think? Do you even notice which company publishes which books?
Or do you just want good books no matter where they come from? Let us know in the comments!
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