Penguin Random House to Buy Simon & Schuster

Penguin Random House to Buy Simon & Schuster

Simon & Schuster, one of the Big Five publishers in the country, went up for sale earlier this year after the owner, ViacomCBS, announced that after a “strategic review,” the book publisher was no longer essential to its business and that it would seek a buyer. This sale was a source of immediate concern for the industry, seeing that in the last few years a series of consolidations have swept the book business. Just this decade, Penguin and Random House merged, Hachette Book Group acquired Perseus Books and News Corporation bought the romance publisher Harlequin, making  publishing a “winner-takes-all” business …

‘A Promised Land’: The Memoir that Took Publishing by Storm

‘A Promised Land’: The Memoir that Took Publishing by Storm

A Promised Land is the first of former President Barack Obama’s two presidential volumes. This highly anticipated novel has been, so far, named one of the 10 best books of the year, by The New York Times Book Review, and a Washington Post Notable Book. But, other than the high praise it has received so far, it’s also managed to sell 887,000 copies on the first day of publication, breaking records for publishing powerhouse, Penguin Random House.