Random House of Canada Takes Over McClelland & Stewart; Canadian Pubs Unhappy
Canada’s biggest multinational publishing house just got bigger. Random House of Canada has become the sole owner of McClelland & Stewart, one of Canada’s oldest publishing houses.
Random House has owned a share of M&S since 2000 when its sole owner and chairman Avie Bennett sold it 25% of the company and donated 75% to the University of Toronto with the intent that M&S would maintain its editorial independence. Random House had been providing services such as sales, production, human resources and accounting to M&S since that time.
Related Content
Comments
%0D%0A%20%20Random%20House%20has%20owned%20a%20share%20of%20M%26S%20since%202000%20when%20its%20sole%20owner%20and%20chairman%20Avie%20Bennett%20sold%20it%2025%%20of%20the%20company%20and%20donated%2075%%20to%20the%20University%20of%20Toronto%20with%20the%20intent%20that%20M%26S%20would%20maintain%20its%20editorial%20independence.%20Random%20House%20had%20been%20providing%20services%20such%20as%20sales,%20production,%20human%20resources%20and%20accounting%20to%20M%26S%20since%20that%20time.%0D%0A%0D%0A%0D%0Ahttps%3A%2F%2Fwww.bookbusinessmag.com%2Faggregatedcontent%2Frandom-house-canada-takes-over-mcclelland-stewart%2F" target="_blank" class="email" data-post-id="16031" type="icon_link"> Email Email