Random House, Penguin May Merge — Publishers Weekly BREAKING
Responding to persistent media reports, mostly from European outlets, that Pearson and Bertelsmann are discussing a possible merger of Penguin and Random House, Pearson issued the following statement Thursday confirming talks. “Pearson confirms that it is discussing with Bertelsmann a possible combination of Penguin and Random House. The two companies have not reached agreement and there is no certainty that the discussions will lead to a transaction. A further announcement will be made if and when appropriate.”
Two of the Big Six in the nation merging as one? I’m not sure how I feel about this! I hope it enhances these publishing houses, rather than hindering them.