PRH takes minority stake in Sourcebooks - Publishers Weekly

I really enjoyed my extra vacation day.

After taking off the Memorial Day weekend Panzer cleaned out the Panzermobile today. When he was sweeping the mat under the passenger seat, he found a wadded up post. Smoothing it out our fastidious kitty boy discovered it was a Publishers Weekly post about the Penguin Random House acquisition of a minority stake in Sourcebooks.

According to Jim Milliot,  Penguin Random House (PRH) has acquired a 45 percent stake in Sourcebooks. The post states there will be no changes to Sourcebooks, except a new management board has been created. The board chair will be Sourcebooks founder Dominique Raccah. The board will also include two PRH members.

Panzer says, "For the authors working with Sourcebooks this little kitty hopes there are no changes there."

Note: This is a medium length post. Bring a cup of tea and a muffin for today's reading selection.

To read the post tootle over to PRH minority stake in Sourcebooks