Penguin Random House parent company Bertelsmann will acquire Simon & Schuster. If the sale is approved by regulators, the Big Five will become the the Big Four.
The chatter is getting louder around the Simon & Schuster sale story, with News Corp arriving as another name associated with the process.
ViacomCBS is expected to reactivate the sale process for Simon & Schuster this month, and Bertelsmann’s chief says he’s interested.
Simon & Schuster’s chief Carolyn Reidy tells the staff in a memo that its parent company, ViacomCBS, will be exploring potential sales of the Big Five publishing house.
Penguin Random House ‘holds an effective veto on the success of ebook subscription services,” says Shelfie’s Peter Hudson.
‘Amazon demonstrated dazzling marketplace power,’ writes Mike Shatzkin, in what he presents as a new narrative on relations between the retailer and the Big Five.