Thursday, November 19, 2020

Will the "Big Five" Become the "Big Four"?

As reported this week by Edmund Lee in The New York Times, among the top bidders for Simon & Schuster are:

"News Corp, which already owns HarperCollins," and 

"a leading bidder is Penguin Random House... the largest book publisher in the United States, [which] is owned by the German media giant Bertelsmann." 

Additionally, "The French firm Vivendi, a minority owner of Hachette through the publisher Lagardère, has also made a bid." 

It should all be settled (or not - if there's no deal) in the next few weeks. "Final bids are due before Thanksgiving, and ViacomCBS could announce a winner some time after that."

Ongoing consolidation affects the overall business - and is important to know about. You can read the full article here.

Illustrate and Write On,

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