January 25, 2012

Random House of Canada Takes Over McClelland & Stewart; Canadian Pubs Unhappy

Canada’s biggest multinational publishing house just got bigger. Random House of Canada has become the sole owner of McClelland & Stewart, one of Canada’s oldest publishing houses. As a part of the deal, RHC also acquires Tundra Books, M&S’s children’s publisher, which will become the Canadian children’s publishing program within Random House.

Reacting to news of the sale, the Association of Canadian Publishers expressed dismay “that Canada’s most storied book publisher, McClelland & Stewart, will be downgraded to an imprint of a foreign-owned multinational corporation. Today’s announcement marks the end of a long and illustrious history of a Canadian cultural institution.”

According to the announcement, Random House has committed itself to “maintaining the publishing program, including the eponymous McClelland & Stewart imprint and the New Canadian Library, Emblem Editions, and Signal imprints. RHC will also continue to fund and support the M&S Poetry program, the publication of The Journey Prizestories, and ongoing support for the Writers Trust Journey Prize. Random House of Canada is also establishing The McClelland & Stewart Lecture, an annual event to be held at the University of Toronto that will be focused around the advancement of writers and their ideas, a mandate with which M&S has long been closely identified.”

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