“Three people familiar with the process” have confirmed to the NYT that parents of the two largest trade publishers in the US — Penguin Random House and HarperCollins — are the two leading bidders for Simon & Schuster at this point. Which is exactly as was expected, since the company will yield greater financial efficiencies…
The Publishing Industry's Daily Essential Read
Automat
- Hudson Completes Merger with Dufry December 1, 2020 Publishers Marketplace
- Authors Guild Is Quick to Ask DOJ to Block PRH Purchase of S&S, Warning of "A Huge Imbalance" November 25, 2020 Statement
- New Director of National Intelligence Avril Haines Co-Owned Baltimore Bookstore and Cafe November 25, 2020 Baltimore CBS
- Official: Penguin Random House Has Definitive Agreement to Buy Simon & Schuster for $2.175 Billion November 25, 2020 Press Release
- Costa Awards Shortlists Announced November 25, 2020 Prize site
- University Press Generates Fake Books, Like This Popular Obama Biography, Apparently from AI November 20, 2020 Slate
- DOJ Has "Active Investigation" of Penske Media's $225 Million Deal to Buy Control of Hollywood Reporter Parent November 20, 2020 NY Post
- Adichie's Artful Review of Obama's Promised Land November 13, 2020 NYT
- Someone Will Publish A Trump Book, But Most People Hope It's Someone Else November 13, 2020 The New Republic
- Companies Have Saved Money On Pandemic Travel Limitations: Amazon Says It Saved $1 Billion November 12, 2020 CNBC