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And then there were five

What does the merger of Penguin and Random House mean for the future of publishing?

By Alex Christofi  

Penguin has merged with Random House (photo: Nicola Jones)

Yesterday morning, the publishing world woke up to the biggest news since the launch of the Kindle. Two of the “big six” publishers are merging to become Penguin Random House, the world’s largest English language publisher.

Between them, Penguin and Random House have combined revenues of around £2.5bn, which will give them a 25 per cent share of trade publishing in the UK and the US. And when the entire industry is on the brink of seismic change,…

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