Penguin Books
January 5, 2016 at 1:27 pm
Penguin Random House has sold its controversial self-publishing division Author Solutions. Author Solutions, acquired by Pearson in 2012 for $116m (£74m), for integration into Penguin, was sold to an affiliate of Najafi Companies, an Arizona-based private investment firm, on 31st December. Financial terms were not disclosed.
December 30, 2015 at 2:32 pm
The Department of Justice is asking the Supreme Court to refuse to hear Apple's appeal of a ruling that it conspired with publishers to raise the price of ebooks. The antitrust ruling against Apple—issued in 2013 by U.S. District Court Judge Denise Cote and affirmed this year by the 2nd Circuit Court of Appeals—was "supported…
December 18, 2015 at 1:09 pm
Penguin Random House (PRH) has announced it will close its consumer book recommendation site My Independent Bookshop ahead of the launch of its new website next year. PRH launched My Independent Bookshop in May 2014 as a social platform that allowed readers to set up ‘virtual bookshops’, where they could share their favourite reads and…
December 14, 2015 at 12:31 pm
I have to admit to feeling a bit of skepticism (if not downright cynicism) when my Facebook feed started filling up with posts from the Penguin Hotline, promising me individualized book suggestions to make my holiday shopping as easy and stress-free as possible. So I decided to take it for a test drive.
December 3, 2015 at 1:52 pm
Ever since the merger between Random House and Penguin was announced, librarians have been left to wonder which terms of sale for library ebooks would ultimately win out: Penguin’s cheaper, but limited licensing terms? Or Random House’s more expensive, but perpetual access terms? Now, we know: it will be the Random House terms. Penguin Random…
November 24, 2015 at 2:26 pm
European media giant Bertelsmann (BTGGg.F) is looking for a private equity partner to help it buy the rest of publisher Penguin Random House should co-owner Pearson (PSON.L) want a swift exit from the business, three sources told Reuters. Privately owned Bertelsmann controls 53 percent of the publisher of bestsellers such as the Fifty Shades series…
November 20, 2015 at 2:59 pm
President of Penguin Young Readers Group US, Don Weisberg, is leaving Penguin Random House at the end of the month to become president for Macmillan Publishers U.S. Penguin Random House announced the division’s senior v.p and associate publisher Jen Loja as Weisberg’s successor, who steps into the role of president for Penguin Young Readers effective…
October 23, 2015 at 2:27 pm
Penguin Random House (PRH) UK has released a second app based on Roald Dahl’s The Twits, featuring the first ever rendering of Mr and Mrs Twit in 3D. The app, entitled "Roald Dahl’s House of Twits", is set in the Twits’ house and requires players to explores rooms such as the “filthy” kitchen, Mr Twit’s…
October 8, 2015 at 2:17 pm
Apple is "its own worst enemy," says a court-appointed monitor whom the company continues to impede. After it was confirmed that Apple conspired with at least five major book publishers to up ebook prices and keep competitors such as Amazon at bay from the industry, U.S. District Judge Denise Cote assigned former U.S. Justice Department…
October 7, 2015 at 2:14 pm
Five years ago, the book world was seized by collective panic over the uncertain future of print. As readers migrated to new digital devices, ebook sales soared, increasing 1,259 percent between 2008 and 2010, alarming booksellers that watched consumers use their stores to find titles they would later buy online. Print sales dwindled, bookstores struggled…
