Have you heard the latest publishing news? Bertelsman, parent company of Random House and Pearson, parent company of Penguin are in the process of merging into a newly named Penguin Random House company.
The industry is abuzz with feedback on the pros and cons of this bold move.
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How does this apply to you as a librarian? Think about your e-resources, your license agreements, your inventory–what will this new company’s contracts look like and how will they affect incoming and existing materials? And is this reducing competition in the marketplace for quality books or will the publishing industry benefit from a consolidation?
What do you think? Let us know!