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Penguin's US book offering is broad and will remain so, Bertelsmann CEO says
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Penguin's US book offering is broad and will remain so, Bertelsmann CEO says
Mar 31, 2025 2:19 AM

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)

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