Daily: Malaviya Made Permanent CEO of Penguin Random House

Praising Nihar Malaviya for letting PRH publishers work 'more creatively and entrepreneurially,' Bertelsmann's Thomas Rabe announces Malaviya is the company's permanent worldwide CEO.

The awards ceremony for the German Book Prize is set for Frankfurt on October 16 before the start of Frankfurter Buchmesse.

Year-to-date, the United States' industry's trade revenues were down 1.8 percent, at US$4.8 billion for the first seven months of the year.

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