Dear booksellers,
As you may have heard, our parent
company Bertelsmann has signed an agreement with Pearson, which is the first
step towards combining Random House and Penguin’s respective trade book
publishing activities.
One of the key drivers of success
for both companies has been our close partnerships with the bookselling
community, and I am excited to think of the ways in which the new company will
build on those partnerships in the future.
We will be able to continue to deliver amazing books, innovative sales
and marketing creativity, and supply chain support, all of which will combine
to help you to continue to connect our authors with your readers.
Today, it is business as usual. Random House and Penguin remain competitors
until the proposed new company has been approved by government regulators and
the transaction is officially closed. This is expected to take place in the
second half of 2013. It is not possible at present to discuss post-closing
plans, which we will formulate in detail after careful and thoughtful
consideration, and implement over time for the new company.
The local RHNZ team and I remain
focused on getting the most out our terrific Christmas lists, as well as
planning our titles for next year. We
thank you for your many and ongoing contributions to Random House’s success,
which has been a primary motivation behind Bertelsmann’s determination to extend
and expand its commitment to trade publishing.
We look forward to continuing our valued relationship with you.
With best wishes
Karen Ferns
Managing Director
Random House New Zealand
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