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Old 10-25-2012, 05:48 PM   #1
joehunt
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Random House, Penguin May Merge

Quote:
If a deal does go through, it will unite the two largest trade houses in the U.S., including the two dominant publishers of mass market paperbacks. In 2011, Random House had worldwide revenue of 1.75 billion euros ($2.2 billion at current exchange rates) while Penguin Group had total sales of 1.04 billion pounds ($1.70 billion at current rates). Their combined American operations would have sales of about $1.8 billion, giving Random House Penguin about a 16% share of the trade market based on BookStats industry estimates of trade sales of just under $12.5 billion (excluding religion). With that type of market share, it would be difficult for Amazon, or any other online retailer, to turn off buy buttons if they disagreed over some business decision, one analyst noted.
http://www.publishersweekly.com/pw/b...may-merge.html
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