Saturday, November 10, 2012

EXTRA! EXTRA! Read all about it! Penguin Book group finalizes Merger with Random House.

Apparently a couple of the Titans in publishing companies are joining up and will be sharing expenses and splitting the profits 47% -53% in favor of Random House owners. The new publishing company will be called Penguin Random House. Personally, I think Random Penguin House is more catchy and could have a macaroni penguin wearing a silly hat as the logo but whatever their PR thinks will work. Oh well. You can read more about it in the Guardian Newspaper here. By the way, according to the Guardian the combined income of the two last year was approximately 2.5 billion Euros, or the equivalent of $4,068,475,600.00 us dollars according to Google's currency converter.

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