Parent companies Bertelsmann and Pearson have issued a statement yesterday that the two sides were in negotiations to merge Penguin and Random House. The statement said; “Pearson confirms that it is discussing with Bertelsmann a possible combination of Penguin and Random House."If this deal occurs, which some said is likely to happen will be the largest publishing merger … [Read more...] about Penguin and Random House Might Merge Companies
Penguin
Publisher Sues for Return of Book Advances
An article for TheSmokingGun.com this week explained how New York-based publisher Penguin is suing a number of authors in order to get back the hefty advances those writers were paid. The advance is the money stipulated in the contract that the author will receive against the sale of the actual books; anything sold past the amount of the original advance then is shared with the … [Read more...] about Publisher Sues for Return of Book Advances
eBook Review: Cascade by Maryanne O’Hara
Verdict: 5 Stars It’s my job to read a book with every intention of picking it apart, word by word, professionally tossing around compliments or disdain. But with Maryanne O’Hara’s novel Cascade (Viking), I was so drawn in by the best storytelling I’ve found in a long time that I forgot it was my job to review it. I was simply too wrapped up in enjoying it.Desdemona Hart … [Read more...] about eBook Review: Cascade by Maryanne O’Hara
The Penguin Group Launches Graphic Novel Imprint InkLit
Penguin Publishing is launching a new imprint that is focusing exclusively on graphic novels and comics. The new initiative called "InkLit" will take some of the most notable mainstream book franchises and carry them over into the comic book world.Inklit will be officially launching on October 2nd and will have a big name attached to the first title. Patricia Briggs will be … [Read more...] about The Penguin Group Launches Graphic Novel Imprint InkLit
Penguin Sees Lackluster Revenue and Strong eBook Growth in 2012
Penguin has given us a sense of how the company has been performing for the first six months of 2012. Profits for the company are down almost 50% from a year ago, mostly due to the tremendous success of the 50 Shades of Grey Trilogy and the Hunger Games. Both of these books contributed to the lack of sales, which fell by 4% to £441 million and has adjusted operating profit down … [Read more...] about Penguin Sees Lackluster Revenue and Strong eBook Growth in 2012
Penguin to Get into the Self-Publishing Game with Author Solutions Purchase
Penguin Publishing is poised to enter the highly competitive market of digital self-publishing. The company today has finished their acquisition of US based Author Solutions for $116 million in cash. Author Solutions will “continue to be run as a separate business” and will be “integrated into Penguin’s back office and technology infrastructure.”Author Solutions may be a … [Read more...] about Penguin to Get into the Self-Publishing Game with Author Solutions Purchase
Penguin Publishing making a major eBook push into India
Penguin Books India has firmed up some grand plans to register its presence in the burgeoning e-book segment, which analysts believe can make printed books obsolete in the not too distant future. To begin with, Penguin intends to have more than 240 titles available in e-book format. The titles in the first lot will comprise of all that the company has published in 2012 so far … [Read more...] about Penguin Publishing making a major eBook push into India
More Publishers Experiment with eBook-Only, eBook-First
An original piece in Publisher’s Weekly revealed that more and more traditional publishers are trying out the ever-growing publishing tactic of digital only books, or at least digital first. Over a year ago, traditional publishers like Harlequin made headlines and raised eyebrows by announcing the formation of imprints within their publishing houses that were dedicated to … [Read more...] about More Publishers Experiment with eBook-Only, eBook-First
Judge Denies Penguin’s Motion to Go to Arbitration
While the class action lawsuit against Apple, Penguin and Macmillan moves forward at an ever slowing pace, lawyers on all sides of the issue are ready to pull a few more tricks from up their sleeves. Penguin filed a motion late last month to request that consumers be required to go to arbitration in order to seek damages for allegedly overpaying for their ebooks. Penguin’s … [Read more...] about Judge Denies Penguin’s Motion to Go to Arbitration
ABNA Winner Alan Averill on Publication
The Amazon Breakthrough Novel Awards offer opportunities for authors of various fiction genres to compete for a publishing contract and advance in two categories, general fiction and young adult fiction. GoodeReader spoke to both the young adult fiction winner, Regina Sirois, and the general fiction winner, Alan Averill, and both authors had a striking similarity: complete … [Read more...] about ABNA Winner Alan Averill on Publication
Penguin starts Pilot Program for eBook Library Lending
Penguin made waves in the eBook industry when it pulled out of Overdrive and all of the other services that facilitated the lending of eBooks via your local library. The company is starting a new pilot project today in New York that will see their electronic books return to circulation.Starting this Fall Penguin eBooks will be available at the NYCPL and and Brooklyn Public … [Read more...] about Penguin starts Pilot Program for eBook Library Lending
ABNA Winner Regina Sirois on Indie vs Traditional Publishing
When author Regina Sirois decided to self-publish her young adult literary fiction, On Little Wings, she found the process satisfying but for one aspect: the gate to getting her book into bookstores was nearly impossible to open. While she was happy with her ebook and print sales online, it was the bookstore experience that was left out of the process.“That is the one … [Read more...] about ABNA Winner Regina Sirois on Indie vs Traditional Publishing
Penguin, Macmillan Speak Out on Their Actions in DoJ Investigation
There has been an almost conspicuous lack of comments from the parties involved in the DoJ and class action lawsuits still pending against Apple and some of the Big Six publishers. Obviously, the parties involved cannot simply make outlandish statements while the investigations and court proceedings are still pending, leaving many to wonder what actually took place. Now, … [Read more...] about Penguin, Macmillan Speak Out on Their Actions in DoJ Investigation
Penguin, Random House Connecting Authors with Readers via Social Media Platform Spreecast
GoodEReader has covered some recent news about social media platforms and the importance of authors establishing themselves online in order to connect with readers, writers, and industry professionals. One of those platforms, Spreecast, has proven itself invaluable to a variety of ways that digital reading fans operate.The first Spreecast hosted by this site was a live … [Read more...] about Penguin, Random House Connecting Authors with Readers via Social Media Platform Spreecast
The Amazon Breakthrough Novel Award Is Down to the Final Six
Amazon.com’s annual awards for new authors, the Amazon Breakthrough Novel Awards, have been carefully whittled away from the thousands of entries in each of the two categories—fiction and young adult fiction—to come to a final six submissions. Three authors from each of the two fields received word today that their entries had been selected for the final phase of the … [Read more...] about The Amazon Breakthrough Novel Award Is Down to the Final Six
There May Be No Class Action Suit Against Publishers in eBook Price Fixing Case
What began life as a class action lawsuit filed by Seattle-based law firm Hagen Bermans on behalf of consumers quickly became a Department of Justice investigation against Apple and five of the Big Six publishers. The investigation was to determine whether or not those involved had acted illegally when they instituted an “agency pricing” model for ebook sales to … [Read more...] about There May Be No Class Action Suit Against Publishers in eBook Price Fixing Case