Pearson, Bertelsmann confirm publishi

Pearson, Bertelsmann confirm publishing tie-up
Associated Press

A book on display with the penguin logo. in Cirencester, England. Pearson PLC will merge its Penguin Books division with Random House, which is owned by German media company Bertelsmann, in an all-share deal that will create the world's largest publisher of consumer books, it was reported on Monday, Oct. 29, 2012. The planned joint venture brings together classic and best-selling names. As well as publishing books from authors such as John Grisham, Random House scored a major hit this year with "Fifty Shades of Grey." Penguin has a strong backlist, including George Orwell, Jack Kerouac and John Le Carre. (AP Photo/Tim Ireland/PA) UNITED KINGDOM OUT NO SALES NO ARCHIVE

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