BERLIN, March 31 (Reuters) - Penguin Random House has a
broad offering in the U.S. which it wants to maintain, the CEO
of parent company Bertelsmann said on Monday, as the group
reported a sales breakthrough in that region despite concerns
over the Trump administration.
"The U.S. is the largest and most innovative media, services
and education market," chief executive Thomas Rabe told Reuters.
In 2024, the North America market accounted for 29% of total
sales, double the 2011 level and making up the lion's share for
the first time in the company's history.
"The share of earnings of around 40% is even higher," Rabe
added.
However, he voiced concerns about the impact U.S. President
Donald Trump could have on global trade, consumer spending and
free speech.
This applies specifically to the Penguin Random House
business, which serves as the United States' largest book
publisher, according to the CEO.
Its publishing programme is broad and will remain so, he
said, adding: "We will not allow ourselves to be influenced in
this area - both in terms of fiction and non-fiction."
(Reporting by Klaus Lauer, writing by Rachel More, editing by
Thomas Seythal)