Penguin Random House (PRH) is an American company formed by the merger of book publishers Random House (owned by Bertelsmann), and Penguin Group (owned by Pearson PLC). - Source: Wikipedia
Penguin Random House and others argue that the market is dynamic and unpredictable, with competitors from university presses to Amazon.com capable of turning out bestsellers.
On Thursday, Penguin Random House announced it was renaming an annual writing prize in her honor, the $10,000 Michelle Obama Award for Memoir, part of an awards program for public high school students the company launched in 1993.
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