Register | Forgot Your Password? | Close
Bonneville Phoenix Network
 KTAR News
 Arizona Sports
Login or Register

BERLIN (AP) - Random House Inc. and Penguin Group have completed a planned merger that creates the world's largest publisher of consumer books.

Parent companies Bertelsmann and Pearson said they signed the final contracts on Monday to combine the global activities of the two publishers and create Penguin Random House. Random House parent Bertelsmann will hold 53 percent of the new company and Penguin owner Pearson 47 percent.

Penguin Random House will include top-selling authors such as Dan Brown and Ken Follett and a vast back catalog ranging from John Steinbeck's "The Grapes of Wrath" to Ralph Ellison's "Invisible Man."

Random House chief executive Markus Dohle becomes CEO of the privately held new group, based in New York. Penguin's CEO John Makinson will be the chairman of its board of directors.


(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
share this story:
Attention ArizonaSports.com Comment Users: We have recently changed our comments boards.
We would like you to be part of the conversation with all fans of Arizona sports teams by logging in with your Facebook, Twitter, Google+ or Disqus account. Existing Arizona Sports (KTAR) account members will need to create a Disqus account or use one of the aforementioned social media logins. Thank you.
comments powered by Disqus
Standings
Schedule
Team Leaders