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NEWS: Penguin Random House's Acquisition of Simon & Schuster Terminated




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AiddonValentine



Joined: 07 Aug 2006
Posts: 2035
PostPosted: Wed Nov 23, 2022 9:08 pm Reply with quote
Good, this deal going through would have been disastrous for the publishing industry
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Ryuji-Dono



Joined: 26 Apr 2018
Posts: 1053
PostPosted: Thu Nov 24, 2022 4:46 am Reply with quote
Guess the Big 5 will remain. Laughing
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Alan45
Village Elder



Joined: 25 Aug 2010
Posts: 9444
Location: Virginia
PostPosted: Thu Nov 24, 2022 7:59 am Reply with quote
And another attempt to get big enough to argue with Amazon fails.

Amazon currently controls so much of the distribution and sales of books that it basically tells the publishers what they can charge for some categories of books, mostly best sellers. The publishers don't like this as it can hurt profitability. A few years back four or five publishers got together to come up with a standard pricing system of their own that they could force on Amazon. The Supreme Court shot that down as "co-operation in restraint of trade".
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Ushio



Joined: 31 Jul 2005
Posts: 625
PostPosted: Thu Nov 24, 2022 7:59 pm Reply with quote
Paramount need to sell Simon & Schuster but will now have to accept the lower bid from a former runner up.
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Ushio



Joined: 31 Jul 2005
Posts: 625
PostPosted: Thu Nov 24, 2022 8:00 pm Reply with quote
AiddonValentine wrote:
Good, this deal going through would have been disastrous for the publishing industry


Simon & Schuster will be sold by Paramount just now it will be to the runner up who bid less than Penguin last time.
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