Simon and Schuster Is Sold for $1.62 Billion

The new owner of the nearly century-old publisher is the private investment firm KKR. You can read about the deal here in Publishers Weekly.

This means we still have a "big five" of corporate publishers in the US, avoiding the consolidation of giant publishers which isn't particularly good for we creators of children's, tween, and teen books.

Part of being a creator is keeping up with the big news in our industry...

Illustrate, Translate, and Write On,
Lee