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A Family Affair
Penguin Random House parent company Bertelsmann has named Thomas Coesfeld—the 35-year-old scion whose family controls the German conglomerate—to succeed Thomas Rabe as CEO at the end of 2026. Webcomics giant Webtoon saw its stock price fall after the company posted more than $11 million in Q3 losses despite an 8.7% increase in sales. Oxford University Press is looking to lay off more than 100 of its U.K.-based employees. The Hollywood Reporter makes the case that European comics could be the next great source of big-screen IP. Anthropic has announced plans to invest $50 billion in building AI data centers across the U.S., per the Verge. Meanwhile, the legal system is struggling to answer the question of who should pay damages when AI models cause harm, the New York Times reports. As he prepares to retire at the end of this year, Barry Cunningham sits down with Reuters to reflect on his career in children’s publishing. Prism pays a visit to indie bookstores around the country embracing their role as centers of intellectual exchange and community care. And Time magazine has selected its 100 must-read books of 2025.
Thomas Coesfeld, a grandson of Bertelsmann patriarch Reinhard Mohn, has been named to succeed Thomas Rabe as chairman and CEO of the German conglomerate, whose holdings include Penguin Random House, at the end of 2026. more »
Despite a 8.7% increase in sales, higher income tax expense and lower-than-projected revenue led to a $11 million net loss at the webcomics company, which also owns Wattpad. more »
Oxford University Press in the U.K. has proposed making more than 100 employees redundant due to “organizational changes,” primarily impacting the eduction and English-language teaching divisions. The publisher laid off 20 employees in the U.S. last fall. more »
National education nonprofit First Book and Penguin Random House, which together have distributed 42 million books to children in need, announced two virtual events—one with Magic Tree House author Mary Pope Osborne (pictured) and the other on reading for pleasure—and a plan to reach 27 million young readers by 2030. more »
Thomas Schlesser’s novel, translated by Hildegarde Serle, has been crowned Barnes & Noble’s Book of the Year. The book chain also chose Samin Nosrat’s Good Things as its Gift Book of the Year. more »
The Pegasus Poetry Book Prize will recognize poets 40 and older with a $10,000 prize and publication for their first or second book. The inaugural winner will be named next fall. more »
Deadline: Nov. 19. Issue: Jan. 19. This feature will cover new travel guides, narrative travel nonfiction, travel reference books, and other travel nonfiction. Pub dates: January through July 2026. Click here for more information. »
The streaming platform is rolling out Recaps, an AI-generated feature that provides short audio summaries to help listeners resume their audiobooks after they’ve taken a break. more »
In The Queer Thing About Sin (Bloomsbury Continuum, Jan.), the classicist argues that ancient history reveals a connection between homophobia and economic inequality. more »
- Sales Associate, Gift and Specialty Sales - Hachette Book Group.
- Marketing and Sales Coordinator - University of Notre Dame Press - Notre Dame, IN.
- Editor - Verso Books - New York, NY.
- Associate National Accounts Manager - Candlewick Press, Holiday House, Peachtree - New York, NY.
- Editor/Senior Editor, Forever, Grand Central Publishing Group - Hachette Book Group.
Job Moves
- Sharlene Martin has been promoted to senior literary manager at Martin Literary Management.
- Sam Funderburg-Lentz has been promoted to associate national account manager at Simon & Schuster.
Bookstore News
- Chicago’s Newest Black-Owned Bookstore: Honey and Hue will host its grand opening this weekend.
- New Bookshop Comes to Missouri: The Story House Bookstore will open in Springfield ahead of the holidays.
- New Connecticut Bookstore Thrives: The Blush Book Lounge has already attracted a crowd of customers throughout its first week open in Shelton.
- Kentucky Feels the Love: Romance bookstore Poor Charlotte recently opened in Covington.
Click here to join the conversation in PW's Facebook group for booksellers.
The Defender (deluxe ed.) by Ana Huang is the #1 title on our trade paperback bestseller list. See the full list »
‘Wolf Hour’ by Jo Nesbø, trans. from the Norwegian by Robert Ferguson“Nordic noir master Nesbø sets his sights on the American Midwest in this exquisitely plotted, darkly funny thriller that tackles gun control, police corruption, and psychological trauma in contemporary Minneapolis.” more »
Picture of the Day
On November 8, Steph Lau (r.) launched her new picture book, The Abominable Snow Dancer (Penguin Workshop), at Great Good Place for Books in Oakland, Calif. Joining Lau at the event were authors Mike Jung (c.) and Jo Wu (l.).
PW Daily Team: Sophia Stewart, Sam Spratford, Eva Baron
PW News Team: Ed Nawotka, Sophia Stewart, Sam Spratford, Jim Milliot, Cathy Lynn Grossman, Claire Kirch, Nathalie op de Beeck
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PW News Team: Ed Nawotka, Sophia Stewart, Sam Spratford, Jim Milliot, Cathy Lynn Grossman, Claire Kirch, Nathalie op de Beeck
To submit pictures of the day, email pics@publishersweekly.com.
To submit an obituary, email obituaries@publishersweekly.com.
Send editorial questions about this e-newsletter to Sophia Stewart.
Send advertising questions about this e-newsletter to Joe Murray.
For additional assistance, contact us by email or at the address below:
Publishers Weekly
49 West 23rd Street
Ninth Floor
New York, NY 10010
Phone 212-377-5500
Copyright 2025, PWxyz, LLC. PUBLISHERS WEEKLY and the PW Logo are trademarks of PWxyz, LLC.
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