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Random House and Penguin merger creates global giant

from The New York Times (Oct. 29, 2012)

The book publishing industry is starting to get smaller in order to get stronger. The announcement that Random House and Penguin would merge narrows the business to a handful of big publishers, and could set off a long-expected round of consolidation as the industry adapts to the digital marketplace. … The merger will create the largest consumer book publisher in the world, with a global market share of more than 25 percent and a book list that includes contemporary best-sellers like Random House's "Fifty Shades of Grey" and Penguin's backlist of classics from authors like George Orwell. more


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