Of course both of these publishers provide plenty of source material for Hollywood. Now the Financial Times is reporting that the parent companies of Random House and Penguin are in talks to combine the units. Random House’s Bertelsmann would have more than a 50% stake in any tie-up with Pearson’s Penguin, which combined could control one-quarter of the U.S. and UK publishing market, the paper says. The publishing sector has been facing fierce competition from the likes of Amazon, Apple and Google in the e-book business.
FT: Random House And Penguin In Merger TalksBy THE DEADLINE TEAM | Deadline.com – Thu, Oct 25, 2012 12:26 PM EDT
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FILE - This March 26, 1953 file photo shows poet and author Langston Hughes speaking before the House Un-American Activities Committee (HUAC) in Washington, D.C. Hughes, Adrienne Rich, Allen Ginsberg, and Wallace Stevens are among the poets whose work recently became available in electronic format. Random House Inc., W.W. Norton and several other publishers now routinely release new books in both print and digital versions. (AP Photo, file)
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