Guess the early winner from the Penguin-Random House merger
The deal uniting two of publishing’s biggest players also proves beneficial to another smiling member of the book world. Plus, mutant verbs, the most powerful word in agency new business, Hillary Clinton circa 1969, and more.
The smiling Amazon.com box creeps out. It’s like it knows something we don’t—and maybe that’s because it does. The Fiscal Times reports that the e-retailer is the first winner of the recent Penguin and Random House merger. The growth of e-books and e-readers, which Amazon has fueled, is what reportedly pushed the deal forward. In that case, it will be interesting to see whether the new publishing powerhouse can postpone the day of reckoning for industry traditionalists.
Traditional print publications are also poised for their own day of reckoning, with companies such as Newsweek shifting to an all-digital format. Chronicling the destruction of the industry’s conventional roots, ClickInks.com shares an infographic recounting newspaper’s decline.
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