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Random House & Penguin Sign Merger Agreement, Scuttling a News Corp offer to buy Penguin
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Oct 29 2012: In a deal that had been months in the making, Pearson and Bertelsmann announced Monday morning that they have signed an agreement to form a joint venture that will combine the businesses of Random House and Penguin. The deal, which is expected to close in the second half of 2013, will make Penguin...
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Cultural critic, Jacques Barzun dies aged 104
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Oct 26 2012: Jacques Barzun, the distinguished historian, essayist, cultural gadfly and educator who helped establish the modern discipline of cultural history and came to see the West as sliding toward decadence, died Thursday night in San Antonio, where he lived. He was...
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More information on the possible Random House, Penguin merger
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Oct 26 2012: Speculation about the future of Penguin began in earnest earlier this month when Pearson CEO Marjorie Scardino announced she would be leaving in January and several observers noted that the change put into question Pearson's ownership of the Financial Times Group and Penguin...Concerning reasons...
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Amazon posts third quarter loss, bigger than expected
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Oct 26 2012: Amazon posted a third quarter net loss of $274 million on a sales increase of 27%, to $13.8 billion. The loss was higher than analysts had expected and was attributed to a host of investments, ranging from new Kindles to new...
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Penguin and Random House in merger talks
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Oct 25 2012: Pearson has confirmed that it is in talks with Bertelsmann regarding a potential merger between Penguin and Random House. It would be the first major structural shift in the global publishing industry since 2006 when French media firm Lagardère acquired Time Warner Book Group, creating Hachette....
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Over half of 16 to 29 year olds use their local public library
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Oct 23 2012: 83% of Americans between the ages of 16 and 29 read a book in the past year. Some 75% read a print book, 19% read an e-book, and 11% listened to an audiobook.
60% of Americans under age 30 used the library in the past year. Some 46% used the library for research, 38% borrowed books...
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Newsweek to end its print edition after 80 years
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Oct 18 2012: Newsweek will end its print edition on December 31st, after 80 years of continuous publishing. The magazine will continue to have a presence in digital format in partnership with The Daily...
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Man Group dropping sponsorship of Asian Literary Prize
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Oct 18 2012: The Asian Literary Prize is looking for a new sponsor as Man Group plc, also the sponsor of the Booker Prize, is to cease its funding as of March 2013.
Professor David Parker, executive director of the prize, said today: "I would like to thank Man Group for the steady support that has...
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Johnny Depp and HarperCollins partnering to publish books
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Oct 16 2012: Actor Johnny Depp is partnering with HarperCollins to start an imprint, Infinitum Nihil ("Nothing is forever"), that will seek "authentic, outspoken and visionary ideas and voices," the Associated Press reported. Depp's imprint shares its name with his production company.
"I pledge, on...
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Hilary Mantel wins 2012 Man Booker Prize for the second time
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Oct 16 2012: Hilary Mantel has won the 2012 Man Booker Prize for her historical novel, Bring Up the Bodies. This is the second time Ms Mandel has won the prize, after winning with Wolf...
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Judge says Google scanning is fair use
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Oct 11 2012: In a major ruling, Federal judge Harold Baer has tossed the Authors Guild case against the HathiTrust. In granting the HathiTrust’s motion for summary judgment, Baer ruled that the scan program was a clear fair use under the copyright law, and in the process dealt a potentially fatal blow to the...
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Chinese author Mo Yan wins Nobel Prize
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Oct 11 2012: Chinese author Mo Yan has won the 2012 Nobel Prize in Literature. Jonathan Ruppin of UK bookstore Foyle's commented that: "There's been interest in Chinese literature in the last few years and people will be curious. He's clearly a very visionary and individual writer." The author, whose real name...
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