Full news story on More information on the possible Random House, Penguin merger.
More information on the possible Random House, Penguin merger
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 for the merger talks, James McQuivey of Forrester Research told the Journal: "The large publishers maintain a very expensive infrastructure, including warehousing, printing and marketing, and many of those costs could be collapsed. In the digital era, these can't be sustained."
U.S. ebook sales up in 2012, but rate of growth is slowing(May 16 2013) In 2012, trade book sales (i.e. non academic book sales) rose 6.9%, to $15.049 billion, and e-book sales continued to grow, although the rate of growth...