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Last Publisher Left Standing: Why Books Are Facing a Bleak Future


It seems a safe bet that neither the US nor Canadian governments will intervene despite the laws and policies on the books and letters from authors’ guilds and publishers’ associations urging some kind of action. There doesn’t seem to be any argument for there being a net benefit to Canada from the merger, nor really any benefit at all. But there is no political payoff to taking a stand on this hill.
Then there are the claims being made about the impact from the whole decades-long process of consolidation. Some of these, like the perceived threat of a monoculture born of the unwillingness to publish high-risk books, may be overstated. “In the future that Bertelsmann celebrates, we can all read anything we want so long as it’s a bestseller by John Grisham,” warns Ron Charles in the ....

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