FishbowlNY FishbowlDC LostRemote InsideMobileApps InsideSocialGames TVNewser TVSpy AgencySpy PRNewser MediaJobsDaily UnBeige

Penguin

Thomas Pynchon, Elizabeth Gilbert & Charlaine Harris to Publish Novels This Year

Today Penguin USA released its year-end report, counting a $156 million operating profit for the year.

The publisher also gave readers a peek at Thomas Pynchon‘s upcoming novel, Bleeding Edge. Publication is set for September 17th. Here’s more from Penguin Press: “it is 2001 in Silicon Alley, New York City, in the lull between the collapse of the dot-com boom and the terrible events of September 11.”

In addition, Elizabeth Gilbert will also publish a novel in October, “infusing her inimitable voice into a story of love, adventure, and discovery.” In May, Charlaine Harris will end her Sookie Stackhouse series with Dead Ever After. (Via Sarah Weinman)

DOJ Closes Investigation Into Penguin and Random House Merger

The Department of Justice has closed its investigation into the merger of Penguin and Random House, removing a major roadblock in the merger process. The publishers hope to close the deal by the second half of the year.

Parent companies Pearson and Bertelsmann revealed the news in a statement, noting that the DOJ ended the investigation “without conditions.” Nevertheless, the merger still faces scrutiny from other groups. Here’s more from the release:

The proposed merger is currently under review by the European Commission, the Canadian Competition Bureau and various other antitrust authorities around the world. Pearson and Bertelsmann continue to expect the transaction to close in the second half of 2013, after all necessary approvals have been received. Following completion, Bertelsmann will own 53% and Pearson 47% of Penguin Random House. It will encompass all of Random House and Penguin Group’s publishing units in the U.S., Canada, the U.K., Australia, New Zealand, India and South Africa, as well as Penguin’s operations in China and Random House’s publishers in Spain and Latin America.

Razorbill & Special Effects Group Collaborate on New Novel

Razorbill, an imprint of Penguin Young Readers Group, will be publishing a middle-grade novel called The Creature Department by Robert Paul Weston.

The author has teamed up with an Academy Award-winning special effects group called Framestore. Together, they have worked on “an array of visual assets” that will accompany this book on different platforms. This includes a special Creature Department app.

The Facebook page has more: ”The Creature Department follows the adventures of Elliot and Leslie as they help the incredible creatures of DENKI-3000 make a series of wondrous new inventions in an effort to save not only their factory, but all of creaturedom!”

Read more

Hachette, Penguin and Simon & Schuster Launch Bookish

Hachette Book Group, Penguin and Simon & Schuster have launched Bookish, nearly two years after the site was first announced in May 2011.

The site will recommend books and let readers shop for books. It also shares book excerpts and features essays from its editors and authors (we’ve included some excerpts below).

According to Digital Book World sources, the publishers have invested “about $16 million” in the new venture. Bookish also counted the participation of 16 other major publishers, including Random House, Inc., Scholastic, HarperCollins Publishers and Perseus Books Group.

Read more

Penguin Settles Price Fixing Suit with the DOJ

Penguin Group has reached a proposed settlement with the Department of Justice (DOJ) over the price fixing lawsuit filed in April 2012. Macmillan (as Holtzbrinck Publishers LLC) and Apple are the only two remaining parties who have not settled with the DOJ about an alleged conspiracy to fix eBook prices.

The U.S. District Court for the Southern District of New York must approve the settlement, but it would end Penguin’s role in the suit. In addition, the DOJ noted that they are “currently reviewing” the merger deal struck between Penguin and Random House. If the merger occurs, then “the terms of Penguin’s settlement will apply to it.”

Here’s more from the DOJ Antitrust Division chief of staff Jamillia Ferris: “Since the department’s settlement with Hachette, HarperCollins and Simon & Schuster, consumers are already paying lower prices for the e-book versions of many of those publishers’ new releases and bestsellers … If approved by the court, the proposed settlement with Penguin will be an important step toward undoing the harm caused by the publishers’ anticompetitive conduct and restoring retail price competition so consumers can pay lower prices for Penguin’s e-books.”

Read more

Mark Halperin & John Heilemann to Reunite for Game Change 2012

Journalists Mark Halperin and John Heilemann will once again be teaming up on a new nonfiction project. Following the success of their 2010 title, Game Change, the writing duo plans to pen Double Down: Game Change 2012.

This book will examine Presidential race between President Barack Obama and former Massachusetts governor Mitt Romney. Penguin Press president and editor-in-chief Ann Godoff negotiated the deal with The Wylie Agency’s Andrew Wylie. According to The New York Times, the publisher has planned a release date for fall 2013.

Here’s more from The Hollywood Reporter: “The book already has been optioned by HBO. The cable network aired Game Change, a Jay Roach-directed and Danny Strong-written movie about the 2008 election that in September won four Emmys, including one for Julianne Moore‘s performance as Sarah Palin. Roach and Strong are likely to return for the sequel.”

Penguin Book Covers Inspire Massive Wall Hanging

Inspired by Postcards from Penguin, a card collection based on classic Penguin book covers, one couple created a massive wall hanging tribute to their favorite books.

The couple posted the entire project on Reddit’s DIY section. In the photo set embedded above, you can explore the entire project from start to finish. Here’s more from the post:

We’re both huge book lovers, so we immediately began thinking of ways to use them in an interesting, decorative way … We tried various layouts, eventually deciding that a shifting color scheme would be the most aesthetically pleasing. We cherry-picked some titles that we were particularly fond of. Among them: The Catcher in the Rye, A Clockwork Orange, Lady Chatterley’s Lover, The Great Gatsby, and 1984. Among the authors: H.G. Wells, Roald Dahl, Raymond Chandler, and Graham Greene.

Authors Guild Calls for ‘Close Scrutiny’ of Penguin Random House Deal

The Authors Guild has responded to the news of the upcoming Penguin Random House merger, calling for “close scrutiny from antitrust officials at the Justice Department or the FTC” before the publishers combine forces.

The Guild feels that the super-publisher will control more than 35 percent of the “fiction and narrative non-fiction market,” a worrisome development for the group.  Authors Guild president Scott Turow had this comment:

Survival of the largest appears to be the message here … Penguin Random House, our first mega-publisher, would have additional negotiating leverage with the bookselling giants, but that leverage would come at a high cost for the literary market and therefore for readers. There are already far too few publishers willing to invest in nonfiction authors, who may require years to research and write histories, biographies, and other works, and in novelists, who may need the help of a substantial publisher to effectively market their books to readers.

Captain Random House Responds to Publishing Merger

As news of the Penguin Random House merger emerged last week, the satirical Captain Random House Twitter feed resurfaced with a stream of tweets.

This morning, the feed broadcast ten new rules for the publishing house and we’ve collected these humorous posts below…

If you need more Random Penguin House humor, check out the booming Random Penguin meme and the Penguin House tweets.

Read more

Random House & Penguin To Merge

The major publishers Random House and Penguin have decided to join forces, creating a new entity called Penguin Random House. Random House worldwide CEO Markus Dohle will be CEO of the new group. Penguin CEO John Makinson will chair the board of directors.

Bertelsmann (the corporate parent of Random House) will control 53 percent and Pearson (the corporate parent of Penguin) will control 47 percent of the new publisher. The new entity will not include Bertelsmann’s German trade publishing business and Pearson decided to “retain rights to use the Penguin brand in education markets worldwide.” Bertelsmann CEO Thomas Rabe had this comment in the release:

“With this planned combination, Bertelsmann and Pearson create the best course for the future of our world-renowned trade-book publishers, Random House and Penguin, by enabling them to publish even more effectively across traditional and emerging formats and distribution channels. It will build on our publishing tradition, offering an extraordinary diversity of publishing opportunities for authors, agents, booksellers, and readers, together with unequalled support and resources … Its significance for our business and for the cultural resonance of our book publishing operations worldwide is on a par with such momentous agreements as the takeover of Goldmann Verlag in 1977; the acquisition of a stake in Bantam Books, our first-ever U.S. investment, that same year; the purchase of Doubleday in 1986; and especially that of Random House in 1998. Each of these steps was aimed at increasing the breadth and quality of Bertelsmann’s publishing operations, as our new company will.”

The new company will combine all of Random House and Penguin’s business in the United States, Canada, the U.K., but it will also publishing business in Australia, New Zealand, India, South Africa, China, Spain and Latin American.

Follow this link to read the Pearson release, explaining how the merger “will generate synergies from shared resources such as warehousing, distribution, printing and central functions.”

 

<< PREVIOUS PAGENEXT PAGE >>