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Penguin merger talks with Random House

Thursday, October 25, 2012 - 00:49

Oct. 26 - British education and publishing group Pearson says it is in talks with Germany's Bertelsmann to combine their publishing divisions, Penguin and Random House. Ciara Sutton reports.

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Paparazzi favourite Pippa Middleton is the most recent face to launch a book through Penguin. It's been a powerhouse in the literary world for nearly 80 years. Soon, it could be merged with Random House. British education and publishing group Pearson, which owns Penguin, says it's in talks with Germany's Bertelsmann over the deal. Random House is Britain's number one publisher and has its own literary heavyweights, including the runaway success 50 Shades of Grey. Pearson also owns the Financial Times newspaper, and is focussing more on its non-publishing education side of its business. The books market has changed rapidly with the emergence of the ebook business, while competition has also increased with supermarkets competing for sales. A merger of the two would create the world's largest book publisher.

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Penguin merger talks with Random House

Thursday, October 25, 2012 - 00:49