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Penguin Books is a British publishing house. It was co-founded in 1935 by Sir Allen Lane with his brothers Richard and John,[3] as a line of the publishers The Bodley Head, only becoming a separate company the following year. Penguin revolutionised publishing in the 1930s through its inexpensive paperbacks, sold through Woolworths and other high street stores for sixpence, bringing high-quality paperback fiction and non-fiction to the mass market. Penguin's success demonstrated that large audiences existed for serious books. Penguin also had a significant impact on public debate in Britain, through its books on culture, politics, the arts, and science. Penguin Books is now an imprint of the worldwide Penguin Random House, an emerging conglomerate which was formed in 2013 by the merger with American publisher Random House, a subsidiary of German media conglomerate Bertelsmann. Formerly, Penguin Group was wholly owned by British Pearson plc, the global media company which also owned the Financial Times. When Penguin Random House was formed, Pearson had 47% of its stake in a new company, which was reduced to 25% in July 2017. Since April 2020, Penguin Random House is a wholly owned subsidiary of Bertelsmann. It is one of the largest English-language publishers, formerly known as the "Big Six", now the "Big Five", along with Holtzbrinck/Macmillan, Hachette, HarperCollins, and Simon & Schuster.


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