The Random House Publishing Group, under the leadership of President and Publisher Gina Centrello, will expand to include the imprints of the Bantam Dell Publishing Group, including The Dial Press, along with Doubleday’s Spiegel & Grau.Bantam Dell head Irwyn Applebaum has resigned, and Doubleday Broadway head Steve Rubin will step down, although he'll eventually find a new place within the Random House corporate structure.
The Knopf Publishing Group, led by Chairman Sonny Mehta, will expand to include the Doubleday and Nan A. Talese imprints from the Doubleday Publishing Group.
The Crown Publishing Group, under the direction of President and Publisher Jenny Frost, will expand to include the other imprints from the Doubleday Publishing Group—Broadway, Doubleday Business, Doubleday Religion and WaterBrook Multnomah.
Okay, I'm going to channel my inner Douglas Adams and say this loud and clear for all of you, one more time:
Random House went through this once before, nearly ten years ago, when they were purchased by Bertelsmann and merged with Bantam Doubleday Dell. They went through it again six years ago when Little Random merged with Ballantine. Miraculously, everyone lived. (Although some lived without their jobs, unfortunately.)
Things will be confusing for a while, yes, but publishing will not implode, explode or fall apart utterly. It's merely evolving, as all businesses do.
And, more importanty, the sky continues not to fall.