Penguin, Random House Combining After E-Book Surge

Pearson Plc agreed to combine its Penguin book-publishing unit with Bertelsmann SE’s Random House as the media companies seek to bulk up in response to a surge in providers of electronic books.

Full Show: Surveillance (07/25)
40:56 - Bloomberg Surveillance hosted by Tom Keene and Francine Lacqua. Guests include James Bevan, chief investment officer at CCLA Investment Management, Clemens Fuest, president at IFO Institute, Richard Cochinos, head of European G10FX strategy at Citigroup, Joseph Quinlan, chief market strategist at U.S. Trust and global wealth and investment management head of market and thematic strategy at Bank of America, James Stavridis, Fletcher School Dean at Tufts University, and Anita Dunn, former White House communications director. (Source: Bloomberg)
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