The morning sessions at Digital Book World closed with a conversation between Providence Equity Partners senior advisor (and former Macmillan president) Brian Napack and Michael Cader of Publishers Lunch, speaking about how private equity views the publishing business, opportunities for scale, and what recent transactions–the pending Penguin Random House merger, other recent news involving McGraw-Hill and HarperCollins, and Barnes & Noble’s investments–may mean down the line. Napack, answering a question about what will be of value, generally believes that private equity opportunities in traditional media “stem from confusion in marketplace.” With respect to the publishing industry, the recent moves are […]
