“The publishing imprints of Random House and Penguin will continue to publish their books with the autonomy they presently enjoy, and retain their distinct editorial identities.”
- Bertelsmann and Pearson press release, via Shelf Awareness.
The end (or the beginning) of an era for Penguin. Image: Stefan Wermuth, Reuters.
This week saw the end of, or the beginning of, an era, depending which way you prefer to look at it.
Only four days after officially confirming that they were in discussions about combining their book publishing operations, Pearson and Bertelsmann announced they are creating a joint venture named Penguin Random House.
The timing from rumour to fait accompli ...