Penguin publishing is ‘tough luck’ as sales drop off

By MICHAEL GARLAND-BROWNBERRY-LEIGH, AP Business WriterThe New York TimesPublishers of Penguin’s flagship magazine Penguin have taken a hit, with the average bookseller losing nearly 30% of their value in the past year, the Times reported Thursday.In the U.S., bookselling volumes fell 3% in April and May from a year earlier, with average booksellers losing roughly […]

Penguin: What does this all mean?

When the Penguin Group announced last year that it would buy Penguin Random House and launch Penguin Books, one of the big questions raised was how this would affect the book industry.Penguin is one of several major publishers that has a large imprint with Penguin Random, which includes Penguin Random Classics, Penguin Classics, The Penguin […]