At the annual London Book Fair, Tom Weldon, CEO of Penguin Random UK, said the last four years have been the best in the company’s financial history (for both companies pre-merger). He also noted that publishers have “managed the digital transition better than any other media or entertainment industry,” which is true. Compared to movies and music, books are actually likely to prosper from digital technologies.
He noted realities like fewer bookstores, of course, before turning back to the critical issue of reaching readers. Penguin UK has 700K Twitter followers and an active email subscription list. He also noted their move to expand related products, which any author can do even without the support of a big heritage publisher. If you need this kind of assistance, Writer’s Resource can help with branding, marketing and promotional plans.