Ten Speed Just Got Bought

New York megapublisher Random House has just purchased Berkeley-based Ten Speed Press, the much-loved font of such classics as King & King, Fat! So?, and What Color Is Your Parachute? Ten Speed founder Philip Wood will stay on as publisher emeritus. Random House executives have announced flat-out that the acquisition will mean a round of layoffs at 38-year-old Ten Speed, most likely in its distribution and warehousing divisions, according to Mediabistro.

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