Penguin Group is a British trade book publisher and part of

Penguin Random House Penguin Random House LLC is an Anglo-American multinational conglomerate publishing company formed on July 1, 2013, from the merger of Penguin Group and Random House. On April 2, 2020, Bertelsmann announced the completion of its purchase ...

, which is owned by the German

media Media may refer to: Communication * Media (communication), tools used to deliver information or data ** Advertising media, various media, content, buying and placement for advertising ** Broadcast media, communications delivered over mass e ...

conglomerate Conglomerate or conglomeration may refer to: * Conglomerate (company) * Conglomerate (geology) * Conglomerate (mathematics) In popular culture: * The Conglomerate (American group), a production crew and musical group founded by Busta Rhymes ** ...

Bertelsmann Bertelsmann SE & Co. KGaA () is a German private multinational conglomerate corporation based in Gütersloh, North Rhine-Westphalia, Germany. It is one of the world's largest media conglomerates, and is also active in the service sector and ...

. The new company was created by a

merger Mergers and acquisitions (M&A) are business transactions in which the ownership of companies, other business organizations, or their operating units are transferred to or consolidated with another company or business organization. As an aspec ...

that was finalised on 1 July 2013, with Bertelsmann initially owning 53% of the joint venture, and

Pearson PLC Pearson plc is a British multinational publishing and education company headquartered in London, England. It was founded as a construction business in the 1840s but switched to publishing in the 1920s. Spender, J. A., ''Weetman Pearson: F ...

initially owning the remaining 47%. Since 18 December 2019, Penguin Random House has been wholly owned by Bertelsmann.

Penguin Books Penguin Books is a British publishing, publishing house. It was co-founded in 1935 by Allen Lane with his brothers Richard and John, as a line of the publishers The Bodley Head, only becoming a separate company the following year.City of Westminster The City of Westminster is a city and borough in Inner London. It is the site of the United Kingdom's Houses of Parliament and much of the British government. It occupies a large area of central Greater London, including most of the West En ...

, London.Maps
."

City of Westminster The City of Westminster is a city and borough in Inner London. It is the site of the United Kingdom's Houses of Parliament and much of the British government. It occupies a large area of central Greater London, including most of the West En ...

. Retrieved 28 August 2009. Its British division is Penguin Books Ltd. Other separate divisions are located in the

United States The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country Continental United States, primarily located in North America. It consists of 50 U.S. state, states, a Washington, D.C., ...

Ireland Ireland ( ; ga, Éire ; Ulster-Scots: ) is an island in the North Atlantic Ocean, in north-western Europe. It is separated from Great Britain to its east by the North Channel, the Irish Sea, and St George's Channel. Ireland is the s ...

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India India, officially the Republic of India (Hindi: ), is a country in South Asia. It is the List of countries and dependencies by area, seventh-largest country by area, the List of countries and dependencies by population, second-most populous ...

Australia Australia, officially the Commonwealth of Australia, is a sovereign country comprising the mainland of the Australian continent, the island of Tasmania, and numerous smaller islands. With an area of , Australia is the largest country by ...

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Brazil Brazil ( pt, Brasil; ), officially the Federative Republic of Brazil (Portuguese: ), is the largest country in both South America and Latin America. At and with over 217 million people, Brazil is the world's fifth-largest country by area ...

and

South Africa South Africa, officially the Republic of South Africa (RSA), is the southernmost country in Africa. It is bounded to the south by of coastline that stretch along the South Atlantic and Indian Oceans; to the north by the neighbouring coun ...

History

Penguin Books Penguin Books is a British publishing, publishing house. It was co-founded in 1935 by Allen Lane with his brothers Richard and John, as a line of the publishers The Bodley Head, only becoming a separate company the following year.Pearson Longman Longman, also known as Pearson Longman, is a publishing company founded in London, England, in 1724 and is owned by Pearson PLC. Since 1968, Longman has been used primarily as an imprint by Pearson's Schools business. The Longman brand is also ...

in 1970. In 1975, Penguin acquired the American hardcover firm

Viking Press Viking Press (formally Viking Penguin, also listed as Viking Books) is an American publishing company owned by Penguin Random House. It was founded in New York City on March 1, 1925, by Harold K. Guinzburg and George S. Oppenheim and then acquir ...

. In 1986, Penguin acquired the

New American Library The New American Library (also known as NAL) is an American publisher based in New York, founded in 1948. Its initial focus was affordable paperback reprints of classics and scholarly works as well as popular and pulp fiction, but it now publish ...

, a mass-market paperback publisher. In 1995, Penguin acquired the independent publisher Donald I. Fine. Penguin Group (USA) Inc. was formed in 1996 as a result of the merger between Penguin Books USA and the Putnam Berkley Group after Penguin acquired Putnam Berkley from

MCA MCA may refer to: Astronomy * Mars-crossing asteroid, an asteroid whose orbit crosses that of Mars Aviation * Minimum crossing altitude, a minimum obstacle crossing altitude for fixes on published airways * Medium Combat Aircraft, a 5th gen ...

. The newly formed company was originally called Penguin Putnam Inc., but, in 2003, it changed its name to Penguin Group (USA) Inc. to reflect the parent Pearson PLC's grouping of all the Penguin companies worldwide under the supervisory umbrella of Pearson's own Penguin Group division. The different Penguin companies use many

imprint Imprint or imprinting may refer to: Entertainment * ''Imprint'' (TV series), Canadian television series * "Imprint" (''Masters of Horror''), episode of TV show ''Masters of Horror'' * ''Imprint'' (film), a 2007 independent drama/thriller film ...

s, many of which used to be independent publishers. Penguin Group (USA) Inc. also operates its own speaker's bureau that books speaking engagements for many of the publisher's authors. In 2011, the online writing and publishing community

Book Country Penguin Random House LLC is an Anglo-American multinational conglomerate publishing company formed on July 1, 2013, from the merger of Penguin Group and Random House. On April 2, 2020, Bertelsmann announced the completion of its purchase of P ...

was launched as a subsidiary of Penguin Group USA. On 11 April 2012, the

United States Department of Justice The United States Department of Justice (DOJ), also known as the Justice Department, is a federal executive department of the United States government tasked with the enforcement of federal law and administration of justice in the United Stat ...

filed ''

United States v. Apple Inc. ''United States v. Apple Inc.'', 952 F. Supp. 2d 638 (S.D.N.Y. 2013), was a US antitrust case in which the Court held that Apple Inc. conspired to raise the price of e-books in violation of the Sherman Act. The suit, filed in April 2012, allege ...

'', naming

Apple An apple is an edible fruit produced by an apple tree (''Malus domestica''). Apple trees are cultivated worldwide and are the most widely grown species in the genus '' Malus''. The tree originated in Central Asia, where its wild ancest ...

, Penguin, and four other major publishers as defendants. The suit alleged that they conspired to fix prices for

e-books An ebook (short for electronic book), also known as an e-book or eBook, is a book publication made available in digital form, consisting of text, images, or both, readable on the flat-panel display of computers or other electronic devices. Alt ...

and weaken Amazon.com's position in the market in violation of

antitrust law Competition law is the field of law that promotes or seeks to maintain market competition by regulating anti-competitive conduct by companies. Competition law is implemented through public and private enforcement. It is also known as antitrust ...

. In December 2013, a federal judge approved a settlement of the antitrust claims, in which Penguin and the other publishers paid into a fund that provided credits to customers who had overpaid for books due to the price-fixing. On 26 October 2012, Pearson entered into talks with rival conglomerate

, over the possibility of combining their respective publishing companies, Penguin Group and

Random House Random House is an American book publisher and the largest general-interest paperback publisher in the world. The company has several independently managed subsidiaries around the world. It is part of Penguin Random House, which is owned by Germ ...

. The houses were considered two of the 'Big Six' publishing companies prior to the merger, which became the 'Big Five' upon its completion. The

European Union The European Union (EU) is a supranational union, supranational political union, political and economic union of Member state of the European Union, member states that are located primarily in Europe, Europe. The union has a total area of ...

approved the

merger on 5 April 2013.

Imprints

Penguin Group

s include the following:

References

External links

* {{Authority control Book publishing companies based in London Publishing companies established in 1935 British companies established in 1935 1935 establishments in England Bertelsmann subsidiaries Penguin Random House de:Penguin (Verlag)

History

Imprints

See also

References

External links