“Since 2000, Random House has had a 25 per cent stake in McClelland & Stewart, a Canadian publisher established in 1906 with a renowned stable of authors that includes Margaret Atwood, Leonard Cohen, Rohinton Mistry, Farley Mowat and Michael Ondaatje. The decline in sales of print books, pressure from digital publishing and the difficult economy have put financial pressure on McClelland & Stewart in the past few years.”