And so I bid Penguin a sad farewell

Champagne corks are not popping in the book world at news of the Penguin-Random House merger. There is no celebrating among competitors or authors, and the atmosphere at Penguin Towers and Random HQ is apparently one of deep gloom. Only the Mergers & Acquisitions lawyers will be happy.

Such mergers of titans are always accompanied by job losses so it’s hardly surprising that employees at Penguin and Random House are worried.