Last November, I blogged about the possible Random House and Penguin Books merger. Or rather, the merger between German conglomerate Bertelsmann (the owner of Random House) and the parent company of Penguin (the British company Pearson). At the time, the merger had not yet been approved by the regulatory agencies. As controversial as the merger was for some, most experts thought it would be approved and that the newly named Penguin Random House would become reality.
Sure enough, it seems they might be right. One major step has made this huge merger possible. As reported by the New York Times and Publishers Weekly, the U.S. Department of Justice (DOJ) has approved the upcoming merger. Continue reading
Random House was the first publisher’s name I learned to recognize. I didn’t know what a Random was, but I knew what a house was, and I knew Random House was the name on some of my favorite joke books — the Bennett Cerf ones. Of course, I didn’t know Bennett Cerf was one of the founders of Random House, way back in 1927. Now the Bennett Cerf riddle books are considered vintage kids’ books, and last week, we learned that the parent companies of Penguin and Random House were discussing a merger. As if that weren’t enough, there were also reports that News Corp. was trying to bid on the Penguin part of Pearson (stay that three times fast). Yes, that News Corp. — Rupert Murdoch’s company, owner of Fox News as well as Harper Collins. This would have thrown a wrench in the merger plans.