The idea that general trade publishing and general trade publishing houses were going to have to change or die was first floated here in a post in 2007 and then expanded upon in a post called “The End of the General Trade Publishing Concept” in 2019. The announcement this week that Madeline McIntosh, a very […]
What the ruling against the PRH-S&S merger means for the publishing business
Judge Florence Y. Pan ruled today that the acquisition of Simon & Schuster by Penguin Random House could not go forward. The ruling was explicitly to protect the “competition” for the “anticipated top-selling books”. In other words, the big books by big authors for which only the Big Five can compete regularly (with occasional bids […]
The end of the general trade publishing concept
My brilliant friend Joe Esposito has written a piece to explain why Penguin Random House would want to acquire Simon & Schuster. I have also been thinking about why PRH, or any of the other three of the “Big Five”, would want to acquire S&S. In fact, two of the three, Hachette and HarperCollins, have […]
The departing CEO reminds us that Barnes and Noble is of interest and a source of concern for all publishers
(On July 7, 2023, I received the following: JOINT STATEMENT BY DEMOS PARNEROS AND BARNES & NOBLE, INC. Former CEO Demos Parneros and Barnes & Noble have amicably settled all claims regarding his termination in 2018. This matter has been resolved with no judicial determination of wrongdoing. The terms of the settlement are confidential. Dated: […]
Four players in the book business with the power to rewrite some of the rules
The news came last week that ReaderLink has purchased Anderson News. Those two companies have been the leading suppliers of books to the mass merchandisers: primarily Wal-mart, Target, and Sam’s Club. There are other players selling books in the space, including Ingram, Baker & Taylor, and smaller distributors like the less-well-known American West. But most […]
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