Tag: Random House (1-3 of 3)

Mar 14 2013 05:41 PM ET

Former Treasury Secretary Timothy Geithner lands book deal with Crown Publishers

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Former United States Secretary of the Treasury Timothy Geithner has scored a book deal with Random House imprint Crown Publishers.

Geithner’s memoir, which is slated for 2014, will provide a “behind-the-scenes” look at the financial crisis, specifically offering a “play book” for future policy makers to draw on, as well as helping the public to understand how and why governments act in crisis.

“In telling this inside story, Secretary Geithner will chronicle how decisions were made during the most harrowing moments of the crisis, when policy makers faced a fog of uncertainty, risked catastrophic outcomes, and had no institutional memory or recent precedent to guide them,” Crown Publishers said in a press release. READ FULL STORY »

Oct 29 2012 09:14 AM ET

Pearson, Bertelsmann confirm Penguin-Random House merger

Pearson PLC will merge its Penguin Books division with Random House, which is owned by German media company Bertelsmann, in an all-share deal that will create the world’s largest publisher of consumer books.

The planned joint venture brings together classic and best-selling names. As well as publishing books from authors such as John Grisham, Random House scored a major hit this year with Fifty Shades of Grey. Penguin has a strong backlist, including George Orwell, Jack Kerouac and John Le Carre.

The two companies said Monday that Bertelsmann would own a controlling 53 percent share of the joint venture, which will be known as Penguin Random House. READ FULL STORY »

Oct 25 2012 02:18 PM ET

Penguin-Random House merger in discussions

British publishing and education company Pearson PLC says it is in talks with German media group Bertelsmann SE over merging the firms’ Penguin and Random House publishing operations.

Pearson said Thursday it “is discussing with Bertelsmann a possible combination of Penguin and Random House” but added that there is no certainty the talks will lead to a transaction.

Pearson is publisher of the Financial Times and Penguin Group books. Bertelsmann’s assets include the RTL Group television division and magazine publisher Gruner + Jahr.

The talks come at a time when the publishing industry is being buffeted by the growing e-book market.

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