Penguin Random House
From Wikipedia, the free encyclopedia
 | |
| Parent company |
Bertelsmann (53%) Pearson PLC (47%) |
|---|---|
| Founded | 2013 |
| Headquarters location |
New York City, United States |
| Distribution | Worldwide |
| Key people |
Markus Dohle (CEO, Penguin Random House) Coram Williams (CFO, Penguin Random House) |
| Publication types | Books |
| Number of employees | more than 10,000 (as of July 1, 2013) |
| Official website | www.penguinrandomhouse.com |
Penguin Random House is a company formed from the merger between the book publishers Random House, owned by Bertelsmann, and Penguin Group, owned by Pearson PLC.[1][2] Penguin Random House markets itself as "the world's first truly global trade book" publisher. It was formed on July 1, 2013, upon the completion of an agreement between Bertelsmann and Pearson to merge their respective trade publishing companies, Random House and Penguin, with the parent companies owning 53% and 47%, respectively.
Penguin Random House comprises the adult and children’s fiction and nonfiction print and digital trade book publishing businesses of Penguin and Random House in the U.S., U.K., Canada, Australia, New Zealand, and India; Penguin’s trade publishing activity in Asia and South Africa; Dorling Kindersley worldwide; and Random House’s companies in Spain, Mexico, Argentina, Uruguay, Colombia, and Chile.
Penguin Random House employs more than 10,000 people globally across five continents. It comprises almost 250 editorially and creatively independent imprints and publishing houses that collectively publish more than 15,000 new titles annually. Its publishing lists include more than 70 Nobel Prize laureates and hundreds of the world’s most widely read authors.[3]
The creation of the company has been referred to as the publishing industry's response to the increasing dominance of Amazon.com in the book market.[4]
References
- ↑ Calamur, Krishnadev (29 October 2012). "Penguin, Random House Announce Merger". NPR. Retrieved 31 October 2012.
- ↑ "Pearson, Bertelsmann Confirm Publishing Tie-Up". Associated Press. 29 October 2012. Retrieved 31 October 2012.
- ↑ "CEO Markus Dohle Announces Penguin Random House Global Leadership Team". Penguin Random House. 1 July 2013. Retrieved 1 July 2013.
- ↑ Ciabattari, Jane (2013). "Now There Are 5". Library Journal (Media Source) 138 (14): 26–29.
External links
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