A publishing powerhouse

Could a merger between Penguin and Random House stop Amazon in its tracks?

After the FT reported that talks had been held between two of the world’s “big six” publishers, Penguin and Random House, an official statement has finally been made. Pearson, the UK-listed education specialist (and the world’s single largest book publisher), who owns both Penguin and the FT, released the following announcement: “Pearson confirms that it is discussing with Bertelsmann a possible combination of Penguin and Random House. The two companies have no reached an agreement and there is no certainty that the discussion will lead to a transaction. A further announcement will be made if and when appropriate.”

Random House is owned by the German media conglomerate Bertelsmann, whose ill-fated merger with Sony (creating Sony-BMG) has left them anxious to take the lead on any potential deal. Thomas Rabe, Bertelsmann’s chief executive, commented on the “pitfalls of putting creative businesses together”, which mean that one side must take ultimate control. “We have the ambition to lead,” he said.

A merger between the two companies – whose brands, it should be noted, are distinct and unlikely to be hastily dissolved – would create a 25 per cent market share, large enough to come under scrutiny from the OFT and Competition Commission. A second factor which may hinder a potential merger is the ongoing allegations of price-fixing in the US, a suit which Penguin has repeatedly contested.

The elephant in the room, as ever, is Amazon. The internet retailer, whose UK business operates from the company’s base in Luxembourg, continues to plough millions into its ebook infrastructure despite huge losses. Described by Waterstones head James Daunt as a “ruthless, money-making devil” and of “using authors as a financial football” by Curtis Brown chairman Jonathan Lloyd, the company facilitates and encourages self-publishing, which perhaps signals the endgame of their repeated attempts to undermine present publishing models. “Penguin House” may just have the reputation, power and resources to stop the internet giant in its tracks.

Phil Jones, editor of the publishing trade magazine The Bookseller, said: “The merger of Penguin and Random house would create a powerhouse of a consumer publisher across books, ebooks and apps.” Analyst Lorna Tilbian from Numis Securities concurs: “Consolidation is the order of the day,” she said. “Technology and tablet computers have given it extra momentum. They [publishers] have got to gang together to have enough clout to take on the technology giants that have transformed the industry.”

Update: This morning the merger between Penguin and Random House was confirmed. Check out The Bookseller for more information.

Berthold Lubetkin's Penguin Pool at London Zoo (Photograph: Getty Images)

Philip Maughan is Assistant Editor at the New Statesman.

The Jump/Channel 4
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The most dangerous show on TV: is The Jump becoming a celebrity Hunger Games?

Will it take a life-threatening injury, or worse, before the madness ends?!

First they came for former EastEnders actor Louis Lytton. Then, they came for former EastEnders actor Sid Owen. Then, they came for former Holby City actor Tina Hobley. But now, the third season of Channel 4’s The Jump has moved on from retired soap stars to claim a new set of victims: Britain’s top athletes, including Rebecca Adlington, Beth Tweddle and Linford Christie.

The winter sports reality show The Jump takes your average collection of D-list celebrities, with a few sports personalities mixed in for good measure, and asks them to compete in a series of alpine challenges – skeleton, bobsleigh, snowboarding and, of course, ski jumping – while Davina McCall says things like, “Look at that jump. Just look at it. Are you nervous?”

It sounds fairly mild, but Sir Steve Redgrave, Ola Jordan, Sally Bercow and Melinda Messenger have all withdrawn from the programme after injuries in the past.

Riskier than I’m a Celebrity, Splash! and Dancing on Ice mixed together, the third season of The Jump is fast turning into a dystopian celebrity harm spectacle, a relentless conveyor belt of head injuries and fractured bones.

So far, seven out of the competition’s 12 contestants have sustained injuries. First, Lytton tore a ligament in her thumb, before being rushed to hospital after a training incident at the end of last month. Then, Owen fell on his leg during the first episode having previously complained of “a bad crash during training” for the skeleton.

Adlington (who openly wept with fear when she first gazed upon the titular ski jump, described as being the “height of three double decker buses”) was hospitalised and withdrew from the show after a televised fall left her with a dislocated shoulder: she said the pain was “worse than childbirth”. Hobley soon followed with a dislocated elbow.

Tweddle suffered a particularly bad accident during rehearsals, and now remains in hospital after having her spine fused together, which involved having a piece of bone taken from her hip. On Monday, Christie became the fourth contestant to be hospitalised in the space of two weeks, pulling his hamstring. As of today, Made in Chelsea cast member Mark Francis is the fourth contestant to withdraw, after fracturing his ankle.

In response to criticisms, Channel 4 reminded viewers that 46 of their celebrity participants have so far emerged unscathed across the three series, which seems like a remarkably low bar to set for a major reality TV series: “no one’s been seriously hurt so far” is not much of a safety procedure.

Judge Eddie the Eagle implied that contestents were injuring themselves through their own laziness and coffee obsessions. He wrote in the Daily Mail:

“Those competitors should be up and down the steps relentlessly – jump and go back, jump and go back. Instead too many will have a couple of goes before going off for a coffee and forgetting to return because they're feeling tired.”

But as the celebrity casualty list approaches double figures and more than 12 viewers have officially complained, the channel has begun an urgent safety review of the show, after one insider reportedly labelled it “the most dangerous show on television”.

It all seemed like fun and games when we were watching reality TV stars rolling around in the snow in embarrassing lurid lyrca suits. But will it take a life-threatening injury, or worse, before the madness ends?! Pray for Brian McFadden. Pray for Sarah Harding. Pray for Tamara Beckwith. Pray for the end of The Jump.

Anna Leszkiewicz is a pop culture writer at the New Statesman.