Random House Acquires Ten Speed Press, Layoffs Imminent?
From GalleyCat:
Three months after massive restructuring at Random House, the conglomerate has purchased the California-based publisher, Ten Speed Press. Neither company revealed details of the sale, but Ten Speed founder Philip Wood will serve as publisher emeritus of the newly-acquired press, the NY Times reports.
The 38-year-old press publishes about 100 hardcover titles every year, including the recession-proof “What Color Is Your Parachute?” series. The imprint will become part of Crown Publishing Group at Random House.
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