Traditional Print Media Given a Boost with the Creation of the World’s Largest Publisher

The creation of the world’s largest book company has come a major step closer with European competition regulators giving the green light to the merger of Fifty Shades of Grey publisher Random House and Penguin, home to authors including Jamie Oliver and Pippa Middleton.

The European commission said on Friday that it had unconditionally cleared the deal because the new combined venture, which will account for about one in four books sold in the UK, will “continue to face several strong competitors” including from Rupert Murdoch’s HarperCollins, supermarkets and online giant Amazon.

“The new entity Penguin Random House will continue to face competition from several large and numerous small and medium sized publishers,” the commission said. “The merged entity will furthermore face a concentrated retail base, such as supermarkets for print books and large online retailers for ebooks, like Amazon.”

Continue Reading via Penguin and Random House merger approved by EU regulator | Media | guardian.co.uk.

 

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Author: 2Dubya

Like most people one day Wesley will die. Until then though, Wesley spends his days drinking coffee, watching the telly,trying to figure out politics and listening to BBC Radio... and on the days he is at work watching trains under the ground. Away from work he putters around in the kitchen, tends to his fish, watches films and occasionally reads a book, or works in his garden. Wesley is also a keen father to his two little princesses, and a slave to his wife.

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