May 22, 2019
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.expand
# # #Sourcebooks is a thriving entrepreneurial company that brings extraordinary authors to readers in the most dynamic, data-driven ways. We create books that transcend categories and defy odds and have been honored with hundreds of national bestsellers and awards. We are home to enthusiastic, book-loving employees who are dedicated to connecting books to readers in new and innovative ways. Story by story, book by book, we have touched over 100 million lives. Join us as we change 100 million more. Visit www.sourcebooks.com for more information. Penguin Random House, the world’s largest trade book publisher, is dedicated to its mission of nourishing a universal passion for reading by connecting authors and their writing with readers everywhere. The company, which employs more than 10,000 people globally, was formed on July 1, 2013, by Bertelsmann and Pearson, who own 75 percent and 25 percent, respectively. With nearly 275 imprints and brands on six continents, Penguin Random House comprises adult and children’s fiction and nonfiction print and digital English- and Spanish-language trade book publishing businesses in more than 20 countries worldwide. With over 15,000 new titles, and more than 600 million print, audio and eBooks sold annually, Penguin Random House’s publishing lists include more than 80 Nobel Prize laureates and hundreds of the world’s most widely read authors.
Contact: Claire von Schilling, Penguin Random House 212-782-9876; firstname.lastname@example.org
March 27, 2019
Claire von Schilling: PRH, (212)782-9876;
Dominique Cimina: RHCB, (212)782-9314;
Lauren Ace, LTG: +44 (0) 20 7386 6723;
PENGUIN RANDOM HOUSE ACQUIRES UK-BASED CHILDREN'S PUBLISHER LITTLE TIGER GROUP(New York and London, March 27, 2019)—Penguin Random House, the world’s largest trade book publisher, is expanding its international leading position in the children’s book market with its purchase of Little Tiger Group (LTG), the London-based publisher and packager of acclaimed and bestselling children’s books, from birth to young adults. The acquisition was announced today by Markus Dohle, CEO, Penguin Random House, and Monty Bhatia, CEO and Cofounder, Little Tiger Group. Terms of the transaction, which closes on April 1, were not disclosed. Bhatia will report to Barbara Marcus, President and Publisher of Random House Children’s Books, who initiated and led the acquisition of Little Tiger Group on Penguin Random House’s behalf. Marcus and Bhatia have enjoyed a long-standing, mutually productive publishing relationship, and Bhatia will continue to run the Little Tiger Group as a stand-alone company within Penguin Random House. While maintaining its publishing autonomy and editorial independence, Little Tiger will be aligned closely with the Random House Children’s Books division that Marcus oversees, and will leverage and benefit from shared resources and support services from Penguin Random House U.S., such as distribution and fulfillment. Little Tiger will maintain the editorial profile of its five imprints, led by Publishers Jude Evans and Thomas Truong, and will continue its business of selling its books directly to a variety of publishers and select retailers and distributors, led by Group Sales Director David Bucknor and Director of U.S. Sales Barb Knight. As part of the transaction, PRH has also acquired UK-based packager Liontree Publishing. Liontree will be brought under the Little Tiger Group umbrella, and founder Nik Bhatia will assume a newly created role as its Group Business Development Director. Sonali Fry, Vice President, Publishing Director for Classic Brands and Preschool, Random House Books for Young Readers, will be the PRH liaison to LTG. Little Tiger Group publishes over 200 new titles annually and has a nearly 1,000-title backlist. Since its founding by Monty and Kuki Bhatia in London in 1987, it has grown its international presence, selling its books around the world, including via the company’s Tiger Tales imprint in the United States. Its publishing programs and international co-editions, lauded by readers, booksellers, and critics alike, comprise five imprints, each with a distinct approach to creating a diverse array of engaging and inspiring books for children. Little Tiger Press is the group’s flagship picture book and board book imprint, with such million-copy-selling titles as I Love You to the Moon and Back and Twinkle, Twinkle, Little Star. Stripes Publishing focuses on commercial fiction up through teen, as well as highly illustrated chapter book series, including the Holly Webb Animal Stories, sold in twenty-six languages. Caterpillar Books and Little Tiger Kids produce innovative and highly interactive novelty books, such as Noisy Farm, and 360 Degrees focuses on nonfiction. Markus Dohle, CEO, Penguin Random House, said: “We are thrilled to welcome Monty Bhatia and the team at Little Tiger Group, a true leader in children’s publishing, especially in the preschool area, to the Penguin Random House global family. Little Tiger’s unique, nimble, and international approach to children’s publishing fits perfectly with our business at Penguin Random House, and we look forward to growing together around the world.” Monty Bhatia, CEO and Cofounder, Little Tiger Group, said: “We have been a family company for over 30 years, but it has been a vision of mine from our earliest founding days that we would take every opportunity to grow and prosper. Being brought into the Penguin Random House fold will enable the Little Tiger Group to elevate our business to the next level, both in the U.S. and internationally. “Markus and Barbara have offered us a unique opportunity to benefit from the extensive reach and scope of Penguin Random House, while also maintaining our long-standing relationships with customers and the creative and editorial independence that has been so key to our success. I am enormously grateful for their friendship and the trust they have shown in our valued staff, authors, and illustrators.” Barbara Marcus, President and Publisher, Random House Children’s Books, said: “I have long admired Little Tiger’s publishing, and in my conversations with Monty over the years, I have gained a tremendous respect for the way in which he has built Little Tiger Group to be agile, responsive to market trends, and entirely creative at its core—from its talented staff, to the authors and illustrators who create the books, and in the way they position them in the marketplace. “The brilliance of Little Tiger’s publishing is evidenced by the strength of its sales not only in the U.S. market, but in the UK and around the world. I look forward to working with Monty to build on the amazing company he and his team have established, and to expand the reach and readership of its books.” Penguin Random House, the world’s largest trade book publisher, is dedicated to its mission of nourishing a universal passion for reading by connecting authors and their writing with readers everywhere. The company, which employs more than 10,000 people globally, was formed on July 1, 2013, by Bertelsmann and Pearson, who own 75 percent and 25 percent, respectively. With nearly 275 imprints and brands on six continents, Penguin Random House comprises adult and children’s fiction and nonfiction print and digital English- and Spanish-language trade book publishing businesses in more than 20 countries worldwide. With over 15,000 new titles, and more than 600 million print, audio and eBooks sold annually, Penguin Random House’s publishing lists include more than 80 Nobel Prize laureates and hundreds of the world’s most widely read authors. The Little Tiger Group is a creatively-led independent publisher comprised of five imprints, each with its own distinct approach to creating engaging and inspiring books for children and young people. Together, our mission is to create a diverse range of high-quality books, with something that will appeal to every reading taste, helping children develop a passion for books and a life-long love of reading.
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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.expand
- READING JACKIE by William Kuhn
- THE MASTERPIECE by Fiona Davis
- SHAKE SHACK: Recipes & Stories by Randy Garutti, Mark Rosati and Dorothy Kalins
- DK Eyewitness Travel Guide: Top 10 New York City
- THE GIRL ON THE TRAIN by Paula Hawkins
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.expand
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.expand
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.expand
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.expand
Rodale Books’ Adult nonfiction will be part of the Crown Publishing Group, as an imprint of its Illustrated and Lifestyle division, comprised of the Harmony, Ten Speed Press, and Clarkson Potter publishing programs, overseen by Aaron Wehner, Senior Vice President, Publisher, Clarkson Potter, Ten Speed Press, and Harmony Books. Diana Baroni, Vice President, Editorial Director, Harmony Books, will be responsible for Rodale Books. The Rodale Kids imprint, which made its debut in Fall 2017, will be taken on by Random House Children’s Books, led by Barbara Marcus, President and Publisher. Mallory Loehr, Senior Vice President, Publisher, Random House Books for Young Readers Group, will be responsible for Rodale Kids.
Under the leadership of several generations of the Rodale family, Rodale Books has been publishing authoritative and bestselling titles in the wellness, lifestyle, fitness, and cookbook categories for more than 75 years. Its many life-changing works include AN INCONVENIENT TRUTH by Al Gore; Dr. David Kessler’s THE END OF OVEREATING; Lewis Howes’s THE SCHOOL OF GREATNESS; Jessica Alba’s THE HONEST LIFE; Maria Rodale’s ORGANIC MANIFESTO; RUN FAST, EAT SLOW by Shalane Flanagan and Elyse Kopecky; and THE BULLETPROOF DIET by Dave Asprey. Among its popular series are THUG KITCHEN, WHEAT BELLY, and THE SOUTH BEACH DIET, along with trade titles from Prevention, Men’s Health, Women’s Health, Runner’s World, and its other iconic magazine and online brands. Penguin Random House will be acquiring over 100 frontlist titles from Rodale Books and the Rodale Kids imprint, and over 2,000 backlist titles.
Markus Dohle, CEO, Penguin Random House, said: “With our acquisition of Rodale Books and its impressive frontlist and backlist, we continue to grow the Penguin Random House portfolio of award-winning and bestselling titles. Our exceptional publishing teams at both Crown Publishing Group and Random House Children’s Books look forward to building upon Rodale Books’ decades of success and supporting its distinguished authors and their books for decades more.”
Maya Mavjee, President and Publisher, Crown Publishing Group, said: “I am thrilled to have the Rodale Books Adult publishing program join the Crown Publishing Group. Its rich history as a prominent publisher of lifestyle and wellness titles complements our Harmony Books list perfectly. Bringing Harmony and Rodale together builds a powerhouse within our publishing division as a category leader, and we look forward to welcoming Rodale authors to our Group.”
Barbara Marcus, President and Publisher, Random House Children’s Books, said: “We are so pleased to welcome the Rodale Kids publishing program and authors to Random House Children’s Books. Rodale launched their Kids line with an inspiring commitment to shaping a brighter future for young readers, and this is evident in the focus of their books: encouraging and motivating good habits of nutrition, fitness, mindfulness, and environmental responsibility. The Rodale Kids titles will expand the offerings of our division into areas that we believe are so important for young readers, teens and families today.”
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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.expand
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.expand
November 30, 2017
The full list is published online, and will appear in the publication’s December 10 print edition.expand
- AUTUMN by Ali Smith (Pantheon Books) The extraordinary friendship of an elderly songwriter and the precocious child of his single-parent neighbor is at the heart of this novel that darts back and forth through the decades, from the 1960s to the era of Brexit. The first in a projected four-volume series, it’s a moving exploration of the intricacies of the imagination, a sly teasing-out of a host of big ideas and small revelations, all hovering around a timeless quandary: how to observe, how to be. Read NYT review of “Autumn”
- EXIT WEST by Mohsin Hamid (Riverhead Books) A deceptively simple conceit turns a timely novel about a couple fleeing a civil war into a profound meditation on the psychology of exile. Magic doors separate the known calamities of the old world from the unknown perils of the new, as the migrants learn how to adjust to an improvisatory existence. Hamid has written a novel that fuses the real with the surreal — perhaps the most faithful way to convey the tremulous political fault lines of our interconnected planet. Read NYT review of “Exit West”
- THE EVOLUTION OF BEAUTY: How Darwin’s Forgotten Theory of Mate Choice Shapes the Animal World — and Us by Richard O. Prum (Doubleday) If a science book can be subversive and feminist and change the way we look at our own bodies — but also be mostly about birds — this is it. Prum, an ornithologist, mounts a defense of Darwin’s second, largely overlooked theory of sexual selection. Darwin believed, in addition to evolving to adapt to the environment, some other force must be at work shaping the species: the aesthetic mating choices made largely by females. Prum wants subjectivity and the desire for beauty to be part of our understanding of how evolution works. A passionate plea that begins with birds and ends with humans and will help you finally understand, how in the world we have an animal like the peacock. Read NYT review of “The Evolution of Beauty”
- GRANT by Ron Chernow (Penguin Press) Even those who think they are familiar with Ulysses S. Grant’s career will learn something from Chernow’s fascinating and comprehensive biography, especially about Grant’s often overlooked achievements as president. What is more, at a time of economic inequality reflecting the 19th century’s Gilded Age and a renewed threat from white-supremacy groups, Chernow reminds us that Grant’s courageous example is more valuable than ever, and in this sense, “Grant” is as much a mirror on our own time as a history lesson. Read NYT review of “Grant”
- PRIESTDADDY by Patricia Lockwood (Riverhead Books) In this affectionate and very funny memoir, Lockwood weaves the story of her family — including her Roman Catholic priest father, who received a special dispensation from the Vatican — with her own coming-of-age, and the crisis that later led her and her husband to live temporarily under her parents’ rectory roof. She also brings to bear her gifts as a poet, mixing the sacred and profane in a voice that’s wonderfully grounded and authentic. This book proves Lockwood to be a formidably gifted writer who can do pretty much anything she pleases. Read NYT review of “Priestdaddy”