Random Harper Penguin
October 29, 2012 2:05 AM Subscribe
The book publishing world is merging into behemoths in order to better negotiate with Amazon. Rupert Murdoch (HarperCollins) has made an offer
to buy Penguin for $1.6 billion
. This just hours after Penguin said it was in talks to merge with Random House to create a 'Random Penguin' with nearly 25% of all English-language book sales. Either way the reputation of Penguin could soon be in tatters.
As one agent said, "Authors have told me they are frightened by a Random House takeover, but terrified by a HarperCollins one."
posted by stbalbach (77 comments total)
23 users marked this as a favorite