Monthly Archives: May 2019

Announcements

Penguin Random House Invests In Growth Of Leading Independent Publisher Sourcebooks

PENGUIN RANDOM HOUSE INVESTS IN GROWTH OF LEADING INDEPENDENT PUBLISHER SOURCEBOOKS

Companies To Forge Unique & Collaborative Partnership

 

(Naperville, Illinois and New York, May 22, 2019)—Sourcebooks, one of the country’s fastest-growing independent publishers, has sold a significant minority-ownership stake to Penguin Random House.  The transaction, which was announced today by Dominique Raccah, Sourcebooks’ CEO and Founder, and Madeline McIntosh, Penguin Random House U.S. CEO, will create a performance- and growth-oriented partnership between the two companies.  Sourcebooks retains its majority ownership of 55%, with no changes in its leadership, management, publishing autonomy, or entrepreneurial culture.  Penguin Random House now owns 45%, as a collaborative investor in the Illinois-based company.  Terms were not disclosed. Continue reading