Sourcebooks sold 45% ownership of the company to Penguin Random House. PRH will be a “collaborative investor,” with founder and CEO Dominique Raccah working closely with Madeline McIntosh, CEO of Penguin Random House US. Both have seats on the newly created board of directors. There are no immediate changes planned to “leadership, management, publishing autonomy, or entrepreneurial culture” at Sourcebooks, which hopes to double in size.
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