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Why a proposed deal between two American publishing giants matters to the Canadian books sector
The Globe and Mail Anna Porter Published February 12, 2021 Why should anybody care when publishing house Penguin Random House swallows competitor Simon & Schuster? Back last November when Penguin Random House (PRH) announced its successful bid to buy Simon & Schuster, there was a flurry of comment in the United States. The New York Times protested that the new, enlarged company would “profoundly reshape the industry, increasingly a winner-take-all business.” The Washington Post declared that the deal would be bad for readers: “As the number of publishers shrinks, authors find themsel...
Source: theglobeandmail.com