Random House in Talks to Merge with Penguin

A publishing monopoly could soon be headed this way. According to New York Daily News, two of the world’s largest publishers, Random House and Penguin, are discussing a possible merger.

Publishing 10,000 book a year, Random House is clearly the larger of the two publishing houses. Penguin only publishes about 4,000 books a year. Experts say this would fill Penguin’s parent company’s need to grow and expand. However, there’s also a possibility that if acquired, Penguin would be sold off by Random House’s parent company.

Nothing is official yet, but the talks have writers concerned about the future of the industry. After all, Amazon and and Apple have become big book monopolies in their own right, pushing the industry in a digital direction. Who knows what adding another large company to the mix could mean for publishers and writers?

Spokespeople from both companies say nothing is official yet, and just because they’re talking doesn’t necessarily mean anything will come of it.

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