News Corp. ceo Robert Thomson said in answer to a question at the company’s annual meeting he has no doubt that Penguin Random House would face major regulatory issues in the US if they were to prevail in the bidding to acquire Simon & Schuster. “It will clearly be a serious antitrust issue if Bertelsmann…
National Book Awards: Yu Wins Fiction, Along With Les Payne and Tamara Payne, and More
At the 71st National Book Awards on Wednesday evening, Charles Yu’s Interior Chinatown (Pantheon) won the fiction prize. Roxane Gay presented the award, noting, “This has been an impossible year in almost every way. We are dealing with both a pandemic and a political climate that is terrifying and absurd.” Yu, who said he had…
Obama’s A Promised Land Sets PRH Opening Day Sales Record
Penguin Random House announced Wednesday that Barack Obama’s A PROMISED LAND sold over than 887,000 units (including pre-orders_ in all formats and editions in the US and Canada on the first day of publication. That comprises “the largest first-day sales total for any book ever published” by the company. Two years ago, Michelle Obama’s book…
People, Etc.
Annysa Polanco has been promoted to director, diversity, equity & inclusion at Penguin Random House. In the coming year, the company will add “more fully-dedicated positions” in diversity, equity & inclusions roles across the divisions, including a new “board-level DE&I leadership position” that will report directly to PRH US ceo Madeline McIntosh. Polanco will report…
Bologna Book Fair Announces June Dates, Takes Aim at LBF and Book Expo with General Publishing Initiative
Following quickly on the London Book Fair’s hopes for an awkwardly-timed live book fair next year running June 29 to July 1, the Bologna Children’s Book Fair has also announced new dates, and expanded ambitions. Bologna now hopes to convene their fair from June 14 through June 17, moving from their original dates in mid-April….
The Top Bidders for Simon & Schuster Are…Exactly As Expected
“Three people familiar with the process” have confirmed to the NYT that parents of the two largest trade publishers in the US — Penguin Random House and HarperCollins — are the two leading bidders for Simon & Schuster at this point. Which is exactly as was expected, since the company will yield greater financial efficiencies…
