CHAIRMAN AND CHIEF EXECUTIVE OFFICER
MEMBER OF THE EXECUTIVE BOARD OF BERTELSMANN SE & CO. KGaA
October 29, 2012
To Our Authors,
Our most important mission will always be to publish the work you entrust to us for everyone, everywhere, in every format, and on every platform. That mandate is a primary motivation behind Bertelsmann and Pearson, the parent companies of Random House and the Penguin Book group, signing an agreement this week to combine our respective trade book activities.
One of the defining characteristics of the new company I am most excited about is that it will be author- publisher- and editor-centered – just like Random House. When we join together we will be retaining the distinct identities of both companies’ imprints and you will benefit from an extraordinary breadth of publishing choices and editorial talents and experience. Our Random House imprint leadership remains endowed with creative autonomy, and financial resources, to decide which books to publish, and how to publish them. We expect this to continue in our new business, where we will build on the history and heritage of each of our storied brands. Your relationship with your editor and your publishing team will be unaffected by the new company.
A diversified retail and distribution marketplace for print and digital formats remains a key priority for Random House now, and in the future. Our investments in enhancing the supply chain and our marketing support will supply more services for physical retailers, while expanding our opportunities in the digital space. We expect to create more tools to help you take full advantage of the many online marketing platforms for growing your readership. And we certainly want to continue to expand our Author Portal, which has become an enormously popular and useful resource for so many.
For now, it is business as usual at Random House and Penguin. Soon, we hope to join together to offer an even deeper backlist, alongside our newly published titles. In our partnership, we will be even better positioned to provide copyright protection and support your intellectual property.
Random House and Bertelsmann believe strongly in the future of trade book publishing, and our continuing commercial and cultural success is a major reason why Bertelsmann is extending and expanding its investment and support with the new company. For us, separately and in partnership, it is and always will be about the books. Your books.
All my best,