Oct 26, 2012 @ 12:49:00 am
The Financial Times reports that Penguin and Random House—two of the “big six” publishers—are in talks about merging. Pearson, which owns Penguin, confirmed on Thursday that they have been meeting with Bertelsmann, which owns Random House, about the possibility of a consolidation that would “give Bertlesmann more than a 50 percent stake in the mega-publishing company that would form.” But according to Pearson, this is not a done deal: “the two companies have not reached agreement and there is no certainty that the discussions will lead to a transaction.”
Why do American novelists take so long to finish their books, wonders the Guardian?
A San Francisco court has ordered that the FBI pay journalist Seth Rosenfeld almost half a million dollars for refusing him information that he requested under the Freedom of
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