Penguin Random House Invests In Growth Of Leading Independent Publisher Sourcebooks
May 22, 2019
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.
Penguin Random House Acquires UK-Based Children’s Publisher Little Tiger Group
March 27, 2019
Contacts:
Claire von Schilling: PRH, (212)782-9876;
cvonschilling@penguinrandomhouse.com
Dominique Cimina: RHCB, (212)782-9314;
dcimina@penguinrandomhouse.com
Lauren Ace, LTG: +44 (0) 20 7386 6723;
lace@littletiger.co.uk
Penguin Random House and MTA Metro-North RR Debut “Grand Central Reads”
June 27, 2018
Penguin Random House is exclusively partnering with the MTA Metro-North Rail Road on Grand Central Reads, which mirrors the Subway Reads platform we launched two years ago, this time targeting commuters going through Grand Central Terminal. The June 26 launch was timed to coincide with the 40th anniversary of the U.S. Supreme Court’s announcement of a decision in Penn Central Transportation Co. v. New York City that saved Grand Central from redevelopment. Through August 31, commuters can use their mobile devices to download free Penguin Random House book excerpts from inside Grand Central Terminal, station platforms and the Park Avenue Tunnel. To access Grand Central Reads, customers can connect to the public Wi-Fi and visit grandcentralreads.com.
Kristin Cochrane Named CEO of Penguin Random House Canada
May 17, 2018
Since 2015 KRISTIN COCHRANE has served as President and Publisher of Penguin Random House Canada, working closely with CEO Brad Martin, who announced his retirement today. It gives me great pleasure to share with you that Kristin will succeed Brad as CEO of Penguin Random House Canada, reporting to me, effective July 1, 2018. She will also join our Global Executive Committee.
Brad Martin To Retire as CEO of Penguin Random House Canada
May 17, 2018
Today, BRAD MARTIN is announcing that he will retire as CEO of Penguin Random House Canada, effective June 30, 2018, the culmination of a career of unparalleled accomplishment with our company and in Canadian trade publishing.
Our ALA Midwinter Award Recipients, Part One: Odyssey, RUSA Listen Audio Winners
February 12, 2018
Each year, the American Library Association (ALA) Midwinter Meeting brings forth a cascade of awards and honors accorded distinguished Children’s and Adults books and audios, published (mostly) in the past year.
We’ll be reporting on all our winners ahead.
First up, our Penguin Random House Audio recognitions.
Penguin Random House Acquires Rodale Books’ Trade Publishing Assets
January 9, 2018
Penguin Random House has purchased the trade-book publishing assets of Rodale Books, the pathfinding, highly regarded wellness publisher, and will take over the publication of its frontlist and backlist titles effective immediately, it was announced today by Markus Dohle, Chief Executive Officer, Penguin Random House. Rodale Books was acquired from Hearst, which completed its purchase of Rodale, Inc., the parent publisher of Rodale Books, last week. Terms of the transaction were not disclosed.
Blog from Markus Dohle: Our Social Impact This Year
December 18, 2017
As 2017 comes to a close, I have been reflecting on our role and responsibility as publishers. In today’s divided world, books matter more than ever. Books, we know, have the power to connect and transform us. As a global community of book lovers, we are passionate about making a positive difference in the world. And I believe we do: with our publishing and through our corporate citizenship. Both drive the social impact we have as Penguin Random House. Today, I am pleased to be writing to share our first-ever Social Impact Highlights Summary, which showcases how our company operates responsibly and complements our publishing efforts by going beyond the day-to-day activities of the business to give back to our communities, both locally and globally, across our territories.
Bertelsmann’s Thomas Rabe Hosts Lunch for Salman Rushdie in Berlin
December 8, 2017
Thomas Rabe welcomed Salman Rushdie, one of Penguin Random House’s most renowned authors, to Bertelsmann Unter den Linden 1 in Berlin last Friday, December 1. Bertelsmann’s Chairman and CEO hosted a private lunch to honor Mr. Rushdie, praising him as a defender of freedom of speech and a brilliant storyteller. “We are grateful and proud to have served, for decades, as the publishing home to such an eminent author,” said Mr. Rabe.
Our 5 NYTBR “10 Best Books of 2017”
November 30, 2017
Selected by editors of the New York Times Book Review, here are the 5 fiction and nonfiction books published by our imprints, among their presentation of “The 10 Best Books of 2017.”
The full list is published online, and will appear in the publication’s December 10 print edition.