Sunday, December 30, 2012
Random House To Own Barnes & Noble?
Call it a stretch, but Random House, soon to be merged with Penguin Books, may end up owning Barnes & Noble.
Pearson, which owns Penguin Books and the Financial Times, just bought a 5% stake in Barnes & Nobel’s Nook Media.
Who knows how the book industry will get carved up but it seems obvious that the big players are looking to align with one another and feed a merger frenzy.
Maybe some strange alliances will occur, such as movie theater chains linking with bookstores, or gas stations connecting with publishers, or libraries offering book kiosks like the $1 movie rental vending machines in supermarkets. Or maybe auto dealerships will combine with book publishers. No doubt 2013 will yield changes in the publishing marketplace and I am sure it is about to get interesting.
Brian Feinblum’s views, opinions, and ideas expressed in this blog are his alone and not that of his employer, the nation’s largest book promoter. You can follow him on Twitter @theprexpert and email him at email@example.com. He feels more important when discussed in the third-person.