They’re going to the chapel and they’re gonna get married: Book publishers Penguin and Random House will become one after their parents company complete an upcoming merger. If the merging of companies in other industries is any indication, this new union could produce higher book prices as the two cease competing, as well as a possible dearth in the selection of titles. [More]
Book publisher Random House is offering a refund to any customer who purchased James Frey’s novel ‘A Million Little Pieces,’ after allegations surfaced that much of the memoir was fabricated whole cloth by the author. The Reuters story on CNN calls this refund ‘unprecedented,’ probably because this is the first time that anyone thought an autobiographical memoir was actually true.