UK watchdog investigates Penguin owner’s Simon & Schuster takeover

CMA says it is considering whether Penguin Random House’s $2bn deal would lessen competitionAuthors fear the worst if Bertelsmann takes over Simon & SchusterThe UK competition watchdog has launched an investigation into Penguin Random House’s $2bn (£1.45bn) takeover of Simon & Schuster, a deal rivals have warned will create a “behemoth of books” with too much power in the global publishing industry.The deal would bring together a who’s who of starry authors from Dan Brown, Hillary Clinton and Stephen King to Barack Obama, Bob Woodward and John Grisham. An equally impressive combined back catalogue spans titles and authors including Gone With the Wind, Catch-22 and the works of Ernest Hemingway. Related: PRH owner Bertelsmann to buy Simon & Schuster in $2bn deal Continue reading... Continue reading at 'The Guardian'

[ The Guardian | 2021-03-22 09:00:30 UTC ]

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This Is The Controversy Behind Oprah's Latest Book Club Pick, 'American Dirt'

Jeanine Cummins' book has been lauded by Stephen King and Lauren Groff, but also lambasted as "problematic," "harmful" and "brownfacing." Continue reading at HuffPost

[ HuffPost | 2020-01-21 23:31:13 UTC ]
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LinkedIn’s SlideShare is a vast emporium for pirated e-books. Authors are paying the price

From bestsellers to textbooks, stolen content is easily found on a 14-year-old hosting service operated by Microsoft’s social network. Mid-level writers are hurt the most. If you want to purchase a copy of The Institute, Stephen King’s latest novel about supernatural kids, you could find it at... Continue reading at Fast Company

[ Fast Company | 2020-01-15 13:00:52 UTC ]
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Publishing Stocks Fell in 2019

After beginning 2019 with 10 companies, the Publishers Weekly Stock Index was down to only eight members at the close of the year, losing Barnes & Noble and Simon & Schuster. The remaining companies saw their combined stock price decline by 9%. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-01-03 05:00:00 UTC ]
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Susan Orlean: ‘We Expect Librarians to Be Everything to Everybody’

This week on The Maris Review, Susan Orlean joins Maris Kreizman to discuss her latest book, The Library Book, now available in paperback from Simon & Schuster. On how fire has shaped California: Maris Kreizman: A chilling thing that I realized when we first talked about the book is that you... Continue reading at Literrary Hub

[ Literrary Hub | 2019-12-19 09:48:21 UTC ]
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Bertelsmann to take full control of Penguin Random House

Germany-based media and services company Bertelsmann says it will buy the 25% of publisher Penguin Random House that it doesn't already own for $675 million Continue reading at ABC News

[ ABC News | 2019-12-18 11:47:31 UTC ]
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The Patriots: On Reading Becoming in Tehran, by Shohreh Laici

Cultural Cross Sections Shohreh Laici Photo of Tehran by Xiquinho Silva / Flickr A writer in Tehran incapable of entering the US under the Muslim travel ban encounters Michelle Obama’s Becoming in a beauty salon. Reading the Farsi translation, she... Continue reading at World Literature Today

[ World Literature Today | 2019-11-26 14:55:39 UTC ]
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The best thrillers and mysteries of 2019

Kate Atkinson, John Grisham and Andrea Camilleri, among others, deliver nail-biting must-reads. Continue reading at The Washington Post

[ The Washington Post | 2019-11-21 14:23:00 UTC ]
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S&S sees revenues slide by 9% to $217m

Worldwide revenues at Simon & Schuster have dipped by 9% to $217m for the third quarter of 2019, from $240m for the same period last year, parent firm CBS has revealed. Continue reading at The Bookseller

[ The Bookseller | 2019-11-12 05:24:03 UTC ]
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S&S Squeezes Out a Q3 Profit Despite Sales Decline

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[ Publishers Weekly | 2019-11-12 05:00:00 UTC ]
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Bertelsmann 'confident' at nine-month mark as group revenues grow 3.3%

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[ The Bookseller | 2019-11-08 00:49:57 UTC ]
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Apocalyptic Childhood: On Cixin Liu’s “Supernova Era”

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[ Los Angeles Review of Books | 2019-10-29 17:00:45 UTC ]
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To Sell More Books, S&S Hits the Road

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Lit Hub Weekly: October 7 – 11, 2019

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When Stephen King is Your Father, the World is Full of Monsters

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