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Random House & Penguin Sign Merger Agreement, Scuttling a News Corp offer to buy Penguin

Oct 29 2012: In a deal that had been months in the making, Pearson and Bertelsmann announced Monday morning that they have signed an agreement to form a joint venture that will combine the businesses of Random House and Penguin. The deal, which is expected to close in the second ...

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Cultural critic, Jacques Barzun dies aged 104

Oct 26 2012: Jacques Barzun, the distinguished historian, essayist, cultural gadfly and educator who helped establish the modern discipline of cultural history and came to see the West as sliding toward decadence, died Thursday night in San Antonio, where he lived. He was 104.

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More information on the possible Random House, Penguin merger

Oct 26 2012: Speculation about the future of Penguin began in earnest earlier this month when Pearson CEO Marjorie Scardino announced she would be leaving in January and several observers noted that the change put into question Pearson's ownership of the Financial Times Group and ...

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Amazon posts third quarter loss, bigger than expected

Oct 26 2012: Amazon posted a third quarter net loss of $274 million on a sales increase of 27%, to $13.8 billion. The loss was higher than analysts had expected and was attributed to a host of investments, ranging from new Kindles to new warehouses.

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Penguin and Random House in merger talks

Oct 25 2012: Pearson has confirmed that it is in talks with Bertelsmann regarding a potential merger between Penguin and Random House. It would be the first major structural shift in the global publishing industry since 2006 when French media firm Lagardère acquired Time Warner Book...

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Over half of 16 to 29 year olds use their local public library

Oct 23 2012: 83% of Americans between the ages of 16 and 29 read a book in the past year. Some 75% read a print book, 19% read an e-book, and 11% listened to an audiobook.

60% of Americans under age 30 used the library in the past year. Some 46% used the library for research, 38%...

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Newsweek to end its print edition after 80 years

Oct 18 2012: Newsweek will end its print edition on December 31st, after 80 years of continuous publishing. The magazine will continue to have a presence in digital format in partnership with The Daily Beast.

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Man Group dropping sponsorship of Asian Literary Prize

Oct 18 2012: The Asian Literary Prize is looking for a new sponsor as Man Group plc, also the sponsor of the Booker Prize, is to cease its funding as of March 2013.

Professor David Parker, executive director of the prize, said today: "I would like to thank Man Group for the ...

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