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In the News: Two of “Big Six” Book Publishers Merge

November 10, 2012 Leave a comment Go to comments

Two weeks ago, Random House and Penguin, two of the largest book publishers in the “Big Six,” announced a merger.

The deal is still subject to regulatory approval, but if it receives the green light, the “Penguin Random House” would become the world’s largest book publisher.

What does this mean for us as readers?

Well, no official numbers have been released, and different reports have been spitting out a wide range of numbers. But there is talk that with the merger, Penguin Random House would control about 25-40% of the U.S. trade book business.

This means the merger will give the joint company a lot of power over the U.S. industry, which could mean anything from rallying price increase or decrease or leading changes to other policies and trends.

I’ve been doing some reading on this and what it would mean. Here are a few good ones that I wanted to share:

•Reuters – Random House and Penguin Merge to Take on Amazon, Apple;

•Digital World Books – Who Shall Live and Who Shall Die: What the Random/Penguin Merger Means to You;

•Forbes – Five Thoughts on a Penguin-Random House Merger: Rapid Reaction;

•SeattlePI – A Merger in Publishing: And Then There Were Five;

•The Telegraph (UK) – Random Penguin? What the merger of two great publishers might mean;

•Business Week – Merger of Penguin and Random House: Good for Investors, Bad for Authors;

•The Hollywood Reporter – What the Random House-Penguin Merger Means for Authors (Analysis);

The other four big book publishers are HarperCollins, Macmillan, Hachette and Simon & Schuster.

HarperCollins has also expressed interest in a partnership, and with the recent news, its parent company may be more active in looking for possible consolidation.

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