In a year-end letter to staff, Penguin Random House CEO Nihar Malaviya notes the challenges and successes the company had in 2023. “We have made significant changes, all to better position ourselves for the future,” he writes. “Many of these were exciting, but I also want to acknowledge that several others have been very difficult and challenging.” Though the memo is light on details, he notes the blockbuster publication of SPARE and expanding the company’s audio list as highlights. He continues, “We have sold more books this year than last year, our overall revenues are higher, and we have gained […]
