Tuesday News: More on the Penguin Random House deal
Be careful of those individuals who proclaim themselves experts. Sometimes you wonder from where they earned their expertise.
“The only way to make digital publishing work for you is to use it in tandem with print publishing. Digital publishing isn’t hurting authors, unless they don’t understand that it’s supplemental. E-publishing has not surpassed print publishing, and it will be a good long while before it does.”
I think we all know what hurts authors and it isn’t “digital publishing.”WOW! Women On Writing Blog
The NHS (the UK government health care system) is developing a new standard that will provide more information to the women being screened so that they can make “an informed choice for themselves.”
Novel idea.The Guardian
- Penguin Random House will be the name
- 53% will be owned by Bertelsmann and 47% by Pearson
- The combined sales numbers will account for about 25% of the global marketshare
- Marcus, trim the fat until the carcass’ bones can be seen, Dohle will be the president. (I made that name up for him). John Makison of Penguin will be Chairman of the board.
- Supposedly the same number of publishing imprints will exist.
- The benefit is reduction of supply chain costs (there is suggestion that warehouses for shipping purposes will be reduced)
- Some are suggesting that Penguin Random House will sell a branded ereader. (How about a subscription service. That might be pretty enticing)
- The joint venture is for three years.
- In five years, they may consider a public offering. You could own a part of Penguin Random House.
- No word yet on how this will impact the DOJ and similiar price fixing lawsuits. RH was not a party to any of the suits. Both are using Agency pricing. WSJ, Publishers Weekly and NYTimes